the company's co-founder, larry page, is taking over for eric schmidt as ceo. the reaction among google watchers is mixed so far. with the company doing even better than expected, some say it is the perfect time to make a change at the front lines. others are skeptical. this has always -- presumably always will be a major company. >> eric schmidt has been at the helm as chief executive for a decade. they have really been making decisions as a threesome, what he calls a triumvirate. but now that he is stepping down, i suppose they will streamline the management of the company to make decisions more quickly. i wonder if there were other reasons behind it. on the other hand, google is at an important turning point. they are trying to diversify google. they make most of their money from advertising, from search and display ads, and they continue to do very well in that area. their numbers we got today were very strong. but they're also looking for a new way forward for google, and that in -- includes the smart phone android. >> what does it suggest to you that they

eric schmidt have made key decisions together. now, schmidt says he'll be focused outside the company on deals, partnerships, and the increasingly tricky relationships with governments. schmidt says larry page will take on the c.e.o. job a week after he turns 38. >> i want to say very clearly, i believe larry is ready. he's been working on this area for a long time. his ideas are very interesting and clever. it's time for him to have a shot at running this, and i'm sure he'll do a fantastic job. >> reporter: larry page used today's announcement to push back a bit on critics who argue the hyper-growth days of internet search are over. >> i cannot be more excited about moving us forward, and we're really at the beginning. >> reporter: the announcement took investors by surprise, but tech analyst gene munster said page will bring new energy to the c.e.o. role, even though managing a company with 25,000 employees will be a challenge. >> he's not an operational person. larry's... he's a scientist, he's an engineer, he's someone who rea

and google founders are shoveling their responsibility was eric schmidt. abc 7's david louie is live tonight with more on this sudden change, david, and what it means for the company. >> this will be the same people at the top at google. eric schmidt gets a new title which some imply he's being pushed aside but this is apparently not the case here. >> google revenue up 26% compared to a year ago. why change ceos? here is what eric schmidt said. >> i believe larry ready. his ideas are interesting and clever. it's time to do a fantastic job. >> and reluctant to say schmidt has done anything wrong. he worked to make google a giant advertising platform bringing you tube into the fold. google hasn't made a dent and has stumbled on tv. and analysts think that will be the focus in the new job. >> maybe google needs more in in washington, d.c. and and. >> page was enthusiastic about embracing his new duties. >> i cannot be more excited about moving us forward. we're only at the beginning and i just can't wait to get this started. >> since google will retain same e

if you're eric schmidt, you might consider hosting your own tv show. he's talking with a cnn producer about developing a talk show. but the paper says schmidt recorded a pilot show in august and it was a complete disaster. schmidt is stepping down, larry paige is about to take over. >> still ahead at 6:30, the action oakland's new mayor is now taking that has the city attorney saying she's breaking the law. >> i'm amy holyfield. live in san jose where the light rail system is so good even the drug dealers like it. i'm explain coming up. >> if you're going to laguardia or flying into laguardia i should say watch out for freezing fog and snow. flight arrival delays there are building and you can see the rain in the southeast. our flight tracker's therekkkkkq with the money you invest in clothes, why risk they'll end up faded or stretched ? try woolite. woolite isn't just for your delicates. it's for all your clothes. with woolite complete you can wash everything because it has the right balance of cleaning and care. and say goodbye to fading, shrinking a

schmidt is going to be shining the spotlight after one too many creepy quotes in favor of cozying up to the u.s. government that sounds like a bit of a demotion if you ask me. now earlier this month the california supreme court disappointed many civil liberties advocates when it reached a five to decision in people vs d.s. the police may lawfully search mobile phones on arrested individual persons without first obtaining a search warrant it's particularly troubling when you think of how much personal information is stored on your phone and this day and age it's both your best friend and could be your worst enemy if it gets into the wrong hands videos pictures e-mails text. messages contacts you name it all of your communications are in this one little device so with this ruling should we just call privacy completely debt or are there still a few tricks out there to keep your personal information safe or earlier i caught up with brian associate director of technology studies at the competitive enterprise institute and first we painted the scenario let's say i got pulled over i got arr

from eric schmidt, 55 year-old. he was brought in one decade ago. and he will remain as an adviser. google is in the top five of fortune magazine's top company to work for. the top spot for second years in a row, is a software provider, sas, boston consulting is no. 2, and also wholefoods. and google is no. 4 purify net apps is the top fives, and with employees service, pay, benefit program. and home prices dropped in the bay area. it went down to $ 375 k. it fell by 1%. and about 7800 in 2009. and last month, sales jumped almost 18 percent. foreclosures accounted for 31% of last month's sales. fewer people applied for unemployment. with modest job growth. and with 4000, that is far below what is succeeding march of 2009. they're expecting job numbers to look better, soon. last month. the 9.4 percent unemployment rate. >> and a full forecast coming up. >> and a look at the bay bridge toll plaza, no problems east on, westbound. the traffic is flowing, well. we will be back. [ wheezing breaths ] [ woman ] the first time i smoked, i was 13. i was in a hurry to grow up and wanted to loo

eric schmidt said you might host your own tv show. schmidt is talking with a cnn producer about doing his own talk show. he did a pilot in august and it was a "complete disaster." cofounder larry page can take over as ceo. >> the next generation of apple's i-phones and i-pads will be embedded with technology to make purchases much like a credit card. it would tap into consumer information already on file including debit cards, credit cards or other financial accounts. nearfield technology which beams and receives transactions 4 inches away will be embedded in i-track 2 and the i- phone next from at&t that could make it an alternative. >> a little chilly start to the day but that's gonna change. >> and fast? >> rather rapidly after the sun comes up. after 9:00, a rapid extension of temperatures even by 70s this afternoon. take a look outside. a changeable day, a day where temperatures could jump 30 to 40 degrees from this morning's low. here's a look at sfo this morning. good news coming out of the airport with unlimited visibility. we

he replaces eric schmidt. analysts says it will bring passion back to google and better than expected quarterly. shares are getting a bump up this morning. about 1% gain there. wall street journal says, offer last month, google is getting ready to test a daily deal special. the phone is going to be competitive in the market. >> bank of america, they were a bit lower. they are cutting the value of the mortgage unit. bank is going to said aside $4 billion for claims over faulty mortgages. worries about the paperwork problems. >>> and general electric, there was a rebound in the financing and transportation unit and so many parts of the economy, are affected. here is the overall market is doing. lots of green arrows. dow is up 52 and bloomberg index trading up, as well. food prices are going up. fast food prices may not be far behind. get ready for a price hike at mcdonald's. capital markets say they may rise prices 3% this year after keeping prices flat last year. wholesale cost of beef set a 30-month high this

schmidt. schmidt will become google's executive chairman focusing on deals, partnerships and customers. the move is expected april 4th. news of the shake-up follows strong fourth quarter profits. the company's other co-founder will foiks on strategic projects. >>> let's take you to arizona where doctors of the family of gabrielle giffords are preparing to move her out of the hospital in to ussen aucson and to a ren rehab center in houston. >> gabrielle giffords continues to amaze her caretakers, standing with help from doctors, looking out her hospital window. >> these are all fantastic advancements forward. they do indicate higher cognitive function. she has a long road ahead of her. >> a road that friday will take her to the texas rehabilitation and research in houston. >> she's got an outstanding world class reputation. the doctors and nurses there are among the best at treating penetrating head injuries like gabby has been dealing with. >> giffords' husband said he considered several facil

google announced ceo eric schmidt would hand back the reigns to co-founder larry paige. schmidt was called in during google's early days to supervise then 20-something co-founder larry paige and sergei brin. shares were up following the news, which upstaged google's healthy earnings. >>> hewlett-packard is revamping its boardroom with four new directors, including former ebay ceo meg whitman. hp wants to ramp up the foreign-based presence and smooth the transition at the top after the controversial exit of former chief mark herd. >>> well, concerns that china will take steps to slow its economic expansion and commodities and material stocks lower thursday. freeport mcmorings dropped 4%ç despite upbeat earnings, but earnings were offset, and fewer weekly jobless claims. >>> meanwhile, new labor data shows despite double digit unemployment over much of the past two years over a million foreign-born workers found jobs in the u.s., many of them illegally. >>> back on the street, morgan stanley shares shot up after healthy fourth quarter earnings reports. bank of america sh

from the computer screen to the television screen, the new challenge eric schmidt wants to take after he steps down as google's ceo. >>> for 2010 are... >> and the nominees are! who is in the running for this year's oscars. switching to progressive could mean hundreds more in your wallet year after year. feed me! you money -- now, that's progressive. and three friends from missoula, montana, won the first ever folgers jingle contest. to find out how you could be the next folgers jingle contest winner go to bestpartofwakinup.com. ♪ the best part of wakin' up is folgers in your cup ♪ yep! look in your bag, made you something. (announcer) it's more than just that great peanut taste, choosing jif is a simple way to show someone how much you care. choosey moms, choose jif. we were the first to ban smoking on airplanes. the first to have smoke-free bars and restaurants. all while saving over $86 billion in health care costs... and over a million lives. we've done a good job. but even if you were born today, you'd still grow up in a world where tobacco kills more people... than aids, dru

its co-founder larry page to become ceo, while current ceo eric schmidt will become executive chairman. the company also beat earnings expectations for the latest quarter. apple's ceo steve jobs also announcing he is taking a medical leave for the second time in two years. jobs has a rare form of pancreatic cancer. chief operating officer kim cook will take the reins in jobs' absence. apple also made nunes on earnings front, beating analysts' expectations again as did ibm and chip maker intel. citigroup missed earnings predictions while goldman sachs came in ahead. wells fargo matched estimates. general electric, the parent company of the company that produces this program came in ahead of analysts estimates. it was also announced that ceo jeffrey immelt will chair president obama's new economic advisory panel. >>> jon corzine occupies a unique perch from which to view the country and the economy. he joined a legendary wall street firm, served as senator and is current ceo of mf global. good to have you on the program. >> good to be here. >> thanks for joining us today. president obama

eric schmidt says he wants to host his own talk show. he is in discussions with a producer from cnn. they filmed a pilot last august but insiders say it was a bust. even if his plans don't work out schmidt will remain at google as the chairman of the board of directors. >>> the secret is out about the queen of daytime television. on yesterday's show oprah announced that she has a half- sister she never knew about. winfrey's mother gave up the woman identified only as patricia in 1963. winfrey was 9 at the time and living with her father. winfrey found out about patricia last november. >> but what's so great about this story is her half-sister never went to the media, never made it public, never tried to cash in on it. >> never tried to -- >> she wanted to tell oprah herself. >> it's great. >>> 4:57. the man who played spider-man on a bay area high-rise takes the stand in his own defense. the security concern behind his stunt. >>> a double shooting this morning in san francisco has one teenager dead another badly injured that. story comin

schmidt are partying with mick jagger and glenn close. >> in a statement google said, "this is just the latest of press stunts working closely with our competitors." >> the port of richmond is negotiating an import deal with a major japanese car maker. the financial boost it could give to the community. >> a north bay woman goes for a walk and doesn't return home. search teams have been looking all night for her. we're live at the scene. >> i'm jenelle wang. the president's state of the union address is here. what will be president obama's number one priority this year? a preview coming up in a live report next. [ ma announcer ] 95% of all americans aren't getting enough whole grain. but actually, it's easier than you think, because general mills big g line of cereals is america's number one source of whole grain at breakfast. there's whole grain in every box... ♪ ...from chex... to cheerios... to lucky charms. so you can get the whole grain you want with the taste you love. get started on the whole grain you're missing with your favorite big g cereals. make sure to look for the w

schmidt as ceo in april. schmidt has been ceo since 2001 but the shared decision did go on with page and the other co-founder. schmidt will become executive chairman. he's staying on but he's focusing in on government affairs while brim focused on strategic projects. all three men say there was no friction that led to this change, but under schmidt google flew past microsoft and yahoo! in surf and got into mobile devices. google also had a different side to this. schmidt had a public spat with china last year and recently the failed bid to buy online coupon site groupon. that's one shakeup. the other one is the management shakeup 15 minutes north of google's hq. hp is overhauling its board of directors involved in ousting mark herd. they are leaving. hp is naming five new directors in their place, including a former e-bay ceo named meg whitman. a lot is going on in your neck of the woods. are you listening? >> i was listening the whole time. yesterday i got caught not listening to her for those who don't real

co-founder larry page will take over at ceo, replacing eric schmidt. schmidt had been brought in a decade ago because google's investors thought page, then just 27 years old, wasn't ready to lead the company. the management change overshadowed google's quarterly earnings which soared past analyst's estimates. >>> don't hold your breath waiting for the new nissan leaf to pull up in your driveway. edmunds.com reports deliveries of the new electric car are being delayed for up to seven months from the time customers place their orders. the automaker says it was not prepared for the rush of orders. nissan says the leaf could go 100 miles on a single charge. >>> and are you a financial cheater? according to a recent poll, one-third of americans in committed relationships have lied to their partners about money, and more than half have hid cash or minor purchases. psychologists say these little lies can add up to big problems, and of course, terrell, i would never do anything like that. and i know you wouldn't either. >> yeah, really, ashley? really, ashley?

cofounder larry page is reclaiming the ceo position from eric schmidt. schmidt had been brought in as ceo a decade ago because google's investors thought page then just 27 years old was not mature enough to lead the company. schmidt will stay on as an advisor. the management change overshadowed google's quarterly earnings, which soared past analysts' estimates. mortgage rates rose slightly this week. according to freddie mac, the rate on a 30-year fixed loan rose to 4.74%. but the rate on a 15-year loan actually fell to 4.05%. >>> on wall street, investors are worried that china may raise interest rates. that offset strong profits at morgan stanley and better than expected reports on home sales. the dow was down 2, nasdaq down 21. another fast food group is planning to ditch one of its brands. wendy's wants to find a buyer for its arby's chain. the roast beef sandwich chain accounts for 30% of wendy's revenue but it's struggling. earlier this week yum brands says it's keeping pizza hut and others but selling long john silvers and a&w. for more go to cbsm

among others google's ceo co-founder larry page will take the ceo reigns from eric schmidt. will become google's executive chairman focusing on deals, partnerships and customers. that move expected april 4th and then the big shake-up at hewlett-packard. four members of its board of directors stepped down as the company begins on an eternal review of the former actions of its former ceo mark hurd. on hp's board the $140 million candidate, former ebay ceo meg whitman. nbc bay area's tech expert scott budman weighs in. >> reporter: comes back this quickly after the failed run for governor, a little faster than expected but i'm not surprise read that she's back into the game. very effective as leader into ebay. maybe back into silicon valley back into the tech world. >> hp's board drew widespread criticism. >>> driving for dollars, the bay area scores big with new transportation funds. caltrans announced a billion dollars of funding today for new projects. the bay area will get $33 million for extra lanes on 101 between university avenue and marsh lane in san mateo county. $39 m

and flight records show eric schmidt are using jets to go to cannes film festival partying with mick jagger and glenn close. >> according to records, google is paying about $120,000 a month to house the aircraft. and watch dogs question whether the company is getting a deal on the rent. >> they may be paying rent. and there is a government fuel. we don't know how that compares to jet fuel in a private airport. >> and there is other agencies. and services are used. >> google has not again yo big contracts because it's gained much in wash -- washington and this is an organization that admits to working closely with our competitors. consumer watch dog has been a lng-time critic of google. >> we see google influence is growing in troubling ways. opening up phone shallly our private data to the world. >> google said jets carry instruments to nasa. however, consumer watch dog says it reveals little research has been carried out on planes. >> and still on google company today, $100 million and the chief exec wife will stay on. and one says magnitude of the award is a signal to stock holders

eric schmidt know pretty much as soon as he was elected and the deal was done now he's shifted much more in a pro copyright direction maybe that should have been a surprise in a way because he pictures or as his running mate joe biden who is. favored senator but this is elevating one of the. previous favorite lawyers search a very senior department of justice post white house senior you know how much power does the solicitor general really have because some people would even call this the the tenth supreme court justice. right that if you look back at the history of solicitors general they do have and almost outsized power the supreme court looks to them for guidance on what or what cases to hear obviously the supreme court don't takes less than five percent of the cases but if the supreme court sorry if the solicitor general says this is a very important case then the supreme court is more likely to hear it and so i traditionally know this is not written in the loft but this is a tradition and sometimes traditions in washington can be very important this a lister general is supposed to

. >> google's chief executive eric schmidt is stepping down in a surprise shakeup. google cofounder larry paige is reclaiming the top job. submit was brought in because investors believed the company needed a more mature leader but on his twitter account, he wrote day to day adult supervision is no longer needed. he will now act as an advisor to paige. >> i believe larry is ready. he has been working on this time and his ideas are interesting and clever and it's time for him to have a shot at running this. >>> google says schmidt plans to sell 534,000 google shares over the next year. that would be worth about $335 million. >>> there is a drastic decision in san jose to gut adult education. they voted to take millions of dollars from the program that teaches people english. lisa amin gulezian reports, it's all to protect k-12 education. >> they want to take money away from the metropolitan adult education program and use it instead to fund more programs for children. >> it puts us in a position where we have to feed our own. >> two years ago they gave control of the

he's reclaiming the top job from 55 year-old eric schmidt why been brought in as ceo a decade ago. he is going to remain on as an advisor, the changes happen on april 4th. 6 3:07 a.m., will be back with more just a couple of minutes. the look at our roof on van ness ave showing you a shot of clear skies to sweep for the sun rise. will be back. red of the gate from wall street we want to check the big board. the dow's looking good up 51 points right now. thumbs-up for president brought cobol ma personality but comes down for his progress. this is according to a new poll just released from the associated press. the overwhelming majority of americans like president barack obama, we'll say he's fallen short of fixing the state of economy and changing how washington works. half of the survey say he deserves a second term. the independents who support can be critical in 2012 are evenly divided. time now with 6:41 a.m. will be back with more in a couple minutes. a lot more people are up the bridges clear, it to the north in santa rosa is 38 degrees. a chilly morning out there but, looking

eric schmidt, 55, was running google. google is also and the top five of fortune's top five to work for. the top spot for the second year in a row is north carolina sas , boston consulting, and google comes in at no. 4. and net app is no. 4. pay, benefits, and these companies have 150,000 job openings right now! we are going to take a break in there is much more news, ahead. stay with us. >> >> what the justice department is calling the largest crackdown on organized crime. 130 accused mobsters are behind bars. terisa estacio they're charged with crime, going back decades. >> one after another the were brought in for bookings. from brooklyn to rhode island. and as far away as italy. >> this is one of the largest single day operations against the mafia in fbi history. >> all five families. one indictment focused on the colombos. and with all the acting captains, with eight soldiers. and all of the members leadership who are not currently incarcerated. >> these cases are the cumulative result of years of investigative work

current ceo eric schmidt bumped to executive chairman tweeted that he's leaving his post because google no longer needs, quote, day-to-day adult supervision. >>> more than 125 alleged mobsters remain behind bars this morning. they were arrested yesterday in what the fbi called the biggest organized crime roundup in u.s. history. the suspects included reputted members of mafia families in new york, new jersey and rhode island. >>> actor george clooney made a humanitarian visit to sudan earlier this month, and it turns out he came back with a case of malaria. his secretary bout with malaria. his publicist says clooney has now recovered. >>> first lady michelle obama has a new partner in her campaign against childhood obesity -- walmart. yesterday in washington mrs. obama helped walmart, the nation's biggest grocer, announce plans to give its food a healthier makeover. among walmart's changes over the next five years, eliminate trans fats, cut sodium by 25%, and sugar by 10%. walmart also plans to make healthier foods cheaper. >>> also yesterday mrs. obama gave visitors on a white house to

the company said that's what it's giving eric schmidt in equity. schmidt will stay with the company as executive chairman. the $100 million in stock and stock options will be granted on february 2nd. >>> there's a new movement to force banks to make good on their promises to help struggling homeowners. homeowners across the state suing the banks and services for not offering them permanent loan modifications. >> it's called making home affordable, or hamp. the program is supposed to be a lifeline for struggling homeowners. the first step is a three month temporary modification. then the banks are supposed to make it permanent, but homeowners say the banks aren't living up to their end of the bargain. >> reporter: kimberly brown was thrilled when citi bank agreed to help her audition for a loan modification on her home. >> i was excited. i had a lot of hope that it would work out. >> reporter: so did jim blanton of pittsburgh when his lender wells fargo let him try out for a loan mod. >> we're like all right, in three months now we're going to be ok

. >>> to goer's google's ceo eric schmidt is going to get $1 billion as a bonus. going back to the envelope map, if you had $100,000, this would be the equivalent of getting a $1,600 bonus. that's great. that's a little vacation for the family or some home improvements. that's what that means to someone making $100,000. >> if you add a few zeros -- >> you would be like, that's awesome. getting $100 million, that's weak. >> not the same reaction i would have. thank you, scott. >>> pink slips are out. and a vote tomorrow in santa clara could cut social services at the agency in half. more than 125 playoff notices have been sent out to social workers. santa clara supervisors will vote tomorrow on a budget adjustment which is the result of federal cutbacks and former governor schwarzenegger's october spending cuts of $1 billion. the $6 million cuts would affect those who collect donated food and clothing, provide transportation and enroll foster children in school. >>> a local university may have found a way to handle its state budget cuts without losing jobs. a panel

the group reportedly includes condoleezza rice, gray davis and google's eric schmidt. the group would come up with a plan to get their ideas on to the ballot in the next election. the homeless billionaire earned that name after he sold off his home, most possessions and entire business empire. >>> alameda sheriffs deputies shot and killed a hayward man around 5:30 near lindegaarden and west a street. they found the 24-year-old man lying on the side of the road. investigators are asking anyone with information to call the county sheriff's office tip line. >> per police are investigating a shooting in richmond. the shot spotter alert notified before 10:00 last night and responding officers found shell casings, but they didn't find a victim until about 20 minutes later when a man who was shot showed up at kaiser medical center in richmond. >>> the sheriffs department telepeople in discovery bay to lock their doors and windows. they are happening in an array of homes from apartments to ranches. the sheriffs department released this photo of a person that they would like to

the current ceo, eric schmidt, will become google's executive chairman and will focus on deals, partnerships and customers. also, meg whitman is uh returning to a lead role in the silicon valley company. she'll join hewlett-packard's board of directors. the company is beginning an internal review of the actions of mark herd. hp's board drew widespread criticism for the handling of the scandal of herd. >>> scott mook grew is here with our continuing coverage. >> just a couple weeks ago the chip company said good-bye to its ceo in a surprise move. if you are a ceo of a major company right now, make sure you know where the rip cord is on your golden parachute because all these sudden jobs are making things less stable. don't forget jobs. apple's ceo said it was for health reasons, but he stepped down this week as well. quite the week this week. the head of general electric will also work as head of the president's new council on jobs in competitiveness. paul volker chaired a similar panel. he'll work hard to bring jobs back to america he says. ge is selling nbc to comcast. he's still by boss, s

starting off with google, cofounder larry page will take over as ceo for eric schmidt who had held that position since 2001. and you got go back to 2001 to think that both page and cofounder sergei brin are both in their late 20s at the time. schmidt came on board to give the company operational direction and in a tweet he says that the adult day-to-day supervision is now over. schmidt will stick around with the company but more in a strategic capacity as executive chairman. and over at hewlett-packard, big changes afoot, as well. four directors out from the board, with five new directors coming on board including former gubernatorial candidate and ebay ceo meg whitman. this mainly coming in response to the ouster of former ceo mark hurd last summer. it's being looked at as an infusion of new blood. shareholder lawsuits regarding the ouster of hurd who received a rather large golden parachute of upwards of $50 million. wall street reacting positively to both changes. google shares right now up 1.4%. google coming off a nice quarter hit profit of $2.5 billion. and hp shares right now up

cofounder larry page is taking over as ceo replacing eric schmidt. schmidt was brought in as ceo a decade ago because google's investors at the time thought page wasn't mature enough to lead the company. he was 27. schmidt will stay on as an advisor though. the changes take effect in april. >>> meantime, google remains on the list of the best places to work. "fortune" magazine ranking it number 4 citing all the free food at the mountain view headquarters and free laundry, that's great. net app based in sunnyvale is number five. taking the number one spot, sas, software company, for its on site healthcare and child care facilities. >> that's what we need free food and laundry. >> let's talk about that. >> but what we do get out hire in california in the -- where am i? in the bay area! roberter, we are getting sunshine, right? they would love to have that back east. i can't talk. >> sydnie, say this with me. winter warmup. >> winter warmup. >> tongue twister. >> see, it's easy. that's what we are experiencing today. mostly clear skies out there, a litt

shakeup but google larry pages taking over as ceo, he replaces the top jobs from 55 year-old eric schmidt who had been cut brought in as c e zero a montdee ago. 10:26 a.m., on the back of his side as we have to break. james lick freeway where traffic headed south on the 1 01, those headlights moving good. [ wheezing breaths ] [ woman ] the first time i smoked, i was 13. i was in a hurry to grow up and wanted to look cool. big tobacco knew it, and they preyed on me. i'm here to tell you that big tobacco hasn't changed. they continue to profit... by selling kids the same lies... to get them to use... the same deadly products. don't be big tobacco's next victim. look at that. i love this shot. it shows you blue sky. i guess everybody will see this afternoon. >> we are also seeing blue skies in the golden gate bridge right now. lots of blue skies, sunshine, morning haze but pretty much clear here right now. san francisco sitting at 54, warming to 62 by noontime, afternoon high of 65, a cooling down to 53 by 8:00 p.m. temperatures are in the '40's, 50's with '60s that happen bay appeared upper

google awards $100 million in stock and stock option to eric schmidt. he is being replaced as ceo by co- founder. he will stay and served as executive chairman in april. the governments that says it will sell warrants for city group in an auction being held tomorrow. the latest effort to recoup some cost. the warrant sales will add to the $12 billion profit the treasury has realized from its bailout of city group. mcdonald says the fourth quarter rose 2% as it bought in more customers with mick reps and much, and make cafe, the lineup. it earned 1.2 $4 billion in the three month period ending in december. worldwide is a rose 5% on strength in asia. we are following the big board. seeing how wall street's reacting the dow up about 57 points, s&p also what, so was the nasdaq. >> tory of that is tops for the second year in a row. they sold 8.2 billion vehicles making it the top global automaker. it de throws to gm as the top auto maker. a position gm held for eight decades. time now some 40 3:00 a.m., we will be back in a couple of minutes. >> 7:46 a.m., a

eric schmidt for the l eadership. he's getting $100 million of stock and stock options between now and 2015. google announced last week, the 55-year-old will step aside as ceo and become chairman. there are reports that he wants to be a talk show host. he's been a regular guest on c nn. >>> let's talk traffic now. sal, how is monday starting out? >> it's not all of -- all that bad. we don't have a lot of major problems out there. good morning, let's take a look at southbound 101. you can see that traffic is busy here. it's not stop and go in san rafael. at the toll plaza of the been, that traffic is going to be busy here. it's backed up for maybe about a ten-minute delay. s that's all. no major problems on the way into san francisco. this morning's drive is busy, likewise for 280. now there there is a car fire r eported. northbound 101 as you come up on the capitol expressway. so watch for the crews to be in the area. it's actually closer to tully road. the fire department should be arriving soon. >> let's go to steve

ceo eric schmidt is stepping down after ten years. he'll be replaced by original co-founder, larry page, who famously built an ink jet printer out of legos in college. page is hoping to recapture googing's start-up spirit. >>> and this is the largest rocket ever blasted off from the west coast. it launches thursday, carrying a spy satellite in its payload, right into space. it was so powerful, it could be heard 50 miles away. >>> and in these days of texting and twittering, is teaching cursive to kids a waste of time? the state of georgia has dropped cursive from the curriculum next year. many officials feel the time would be better spent teaching computer skills. that's the news at 7:38. >> come on. thank you, juju, so much. >>> let's get another check of the weather and back to sam who is far away from what we have here in times square. he's on "the disney dream" cruise ship. good morning, sam. >> look at that command center. >> good morning. good morning, george and robin. we have our hand on all of the storm cells. the memphis are

google says it awarded $100 million worth of equity to outgoing ceo eric schmidt. google, inc., said in a filing that the stock and stock options will be granted february 2. those are some of the latest headlines from c-span radio. >> you are watching c-span, bringing you politics and public affairs, every morning it is "washington journal," are live program on the news of the day. weekdays, watts live coverage of the u.s. house and weeknights, congressional hearings and policy forums, supreme court oral argument. the weekends, our signature and did you programs. saturday's "the communicators," and on sunday, "newsmakers," "q&a," and "prime minister's questions. " it is all searchable on our c- span video library. c-span, the public service created by america of's cable companies. "washington journal" continues. richard jackson is director of the global aging initiative at the center for strategic and international studies and is the co-author of the global aging prepare in this index which provides a quantitative assessment of the progress countries worldwide are

. >>> google's ceo eric schmidt is also stepping down and will be replaced by insome one that knows the internet giant very well, larry page. page started the company with brynn as computer science doctoral students at stanford university in 1996. >>> for the latest on how the stories are impacting wall stshgs let's turn to trish regan at the new york stock exchange. what's going on there? >> lots of news. happy friday, natalie. traders are saying they are hoping that this shows the president's commitment and to creating more job growth and that appointment. the other thing i want to mention is ge news, other ge news, the company reported earnings this morning and beat both the revenue and earnings front. technology, you mentioned, google very much in focus as a result of that news. also, hp had major shake-up of its board. that's one to watch today. finally, bank of america just reported earnings and actually had a net loss of more than a billion dollars. that's one to focus on as well. >> have a great weekend. >> you, too. thanks so much. >>> the u.s. air force made history. launching