Season would start and why mike duke is leaving years before expected. He hasnt been there but since 2009. His predecessor, lee scott, 2000 to 2009. It seems like a shortened period. Also, as someone who follows retail closely, this is not the time to change horses, so to speak. At the same time, i am sure this company will, without a doubt, say it is seamless. I want to hear from david, that there is nothing pertinent that would make it so this seems wrong. I dont think it is right. David, you do know mcmillon well. What can you tell us . I spent a good amount of time doing our last document on walmart, which has to be about five years ago. Then, there was a lot of speculation he would be the next ceo. I remember distinctly discussing it with him. It did make air on the documentary, that idea. He was running international. We spent a couple of days together in china. Certainly, wellschooled in international, had run, i believe, cosco prior tco, prior. You mean sams club . Sams club, e
Considering a Corporate Tax cut to help that line. And uk housing data and german sentiment. As for the road map, it starts with the jcpenney ceo bill ackman resigns. And yums sales in china is an important market falling more than expected in july. And pc problems with microsoft downgraded by stifl nicolas, and is the stocks bull run coming on an end, and forget the planes and trains and automobiles, because e lon musk is out with the hyperloop. Put it out on the interneshgts a internet, and it is cool. It is cool. And wouldnt you love to be ahead of the chinese on something. Yes, lets go out there and reach for something. And musk is not settling on the chinese got ahead of us, and he is leapfrog, and we should call him leapfrog musk. Or pylon man. And we want the start off with the news that we want the cover since it was announced Hedge Fund Manager bill ackman has been pushing for changes at the top of jcpenney has resigned from the store. He runs pershing, and formally named the
Even the opening, putin, im not a big fan. Thats shocking, yeah. I am still into the notion of humanity. Put on a good show. The horses were really cool. You saw the market. We looked like we may open lower this morning. Take a look at tenyear. Do we have that . 2. 69, almost around 2. 7. Up a bit from earlier in the week, of course. But weve got unemployment number on friday. We ent went up. Europe, it is call it a mixed picture. Markets largely up. Asia was strong as well. And lets get to our road map here, back in the u. S. Of a. Futures, mixed after the indices turned in the best week of 2014, biggest gains thursday and friday since october. And anticahn over apple, Scott Stringer urging apple shareholders to vote against icahns Share Buyback proposal. Stringer will join us live here on the set later in the show. Mcdonalds reporting doesnt expect january sales for europe, asia, middle east, and africa, offsetting what was a sharp Monthly Sales decline in the United States. And yelp
Mind and leadership is not about being certain. Its about being willing to step back and rethink and ask the right questions, but a lot of leaders struggle with that. They think they got to know all the answers and i dont think they do. Absolute power corrupt, absolutely. I see it with ceos all the time and when we ask them hard questions, they look at you, like, what . Their employees never do. Well, the Great Companies, youll notice Great Companies have a culture where people are willing to speak up and great leaders cultivate those kinds of people. Robert, thank you so much for joining us this morning. Thank you. And thank you, everybody, for joining us this morning. Enjoy that long weekend. We will see you back here on tuesday. Right now, its time for squawk on the street. Welcome, live from the New York Stock Exchange. Jim cramer is off today. The u. S. Session here, we just had Empire State Manufacturing crossing, turning positive for the First Time Since july. We see futures hug
Ge has more cash to do things with. Time and mens fortunes change. You go with the flow. Every time they do a deal, they say its great for both parties. Stock goes up in one case and down in the other. Ge is in one, can use the money, comcast in another and actually worked. Worked out well. Comcast has a great set of assets now a ge has cash to invest in what they want to do. We all do it differently in our times. Jack, we love you, on valentines day especially. Happy valentines day. Merger thursday with all these deals. Huge day on wall street. Almost 100 million in fees for the banks. Center view bank. Make sure you join us tomorrow. Happy valentines day. Congratulations to squawk. What a breaking news. Warren buffett making a big deal with heinz. Im Carl Quintanilla from the stock exchange. Kramer is off. We hope aol call in. Heck of a week to take a vacation, one of the biggest months for m and a. Yeartodate, m and a volume up 25 . Berkshire hathaway, 3g buying heinz for 72. 50 a s