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ge aerospace ceo and larry culp and ge fernova scott stray sikh joining us a little later. >>> we mentioned the ten-year going back close to 4.4. this started with the ism data yesterday. >> it's constant. you look at it, just drips and drabs. the market is reacting in a curious way. yesterday the nasdaq finished up. i thought that was incorrect. these are the stocks that should be getting hit, david. i do think this is a very important moment in the market because we had for dot ten about ra rates. >> well, we did yesterday. a mistake for the nasdaq to be up? what does that even mean? >> i mean if rates go up, you want to sell the high multiples -- >> you also want to keep an eye on the companies that have a debt stack that needs to be refinanced. there were hopes at the early part of the year there would be a lot of rate cuts and the refinancing risk was lower. any number of those highly lefrd companies -- >> you're going to need the economy to stay strong, but that also means you won't get the cuts that some are hoping for. i never believed in the cut theory. i think the economy is reall
ge aerospace ceo and larry culp and ge fernova scott stray sikh joining us a little later. >>> we mentioned the ten-year going back close to 4.4. this started with the ism data yesterday. >> it's constant. you look at it, just drips and drabs. the market is reacting in a curious way. yesterday the nasdaq finished up. i thought that was incorrect. these are the stocks that should be getting hit, david. i do think this is a very important moment in the market because we had for dot...
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Apr 23, 2024
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larry culp. what can you say? larry culp delivered -- did you see the backlog there? >> 202. >> come on. >> raytheon, greg hayes. >> you're moving on from ge aerospace to raytheon already? >> i'm alinear and crazier. >> let's focus on ge aerospace for a moment. you were talking about the backlog related to ge, then we can do greg hayes' swan song at raytheon. >> the first quarter since the split since it's a fully independent company. >> -- >> vernova was still a part -- >> they broke it outbecause they're honest people. >> total orders up 34%. >> think about that, will you? >> 34%. >> 34%. >> hello. >> remember, also, lauhow they' set up. they're levered to travel, to planes you have to maintain. our friends of boeing are not offering a clue how many planes they can produce. they all had to estimate how much business was going to be because of problems with boeing. believe me, they do well. they do well either way. >> pratt and whitney had a beautiful number. i'm not allowed to jump from one-to-one. >> i was going to say. it's a nice segue because pratt was up 23. >>
larry culp. what can you say? larry culp delivered -- did you see the backlog there? >> 202. >> come on. >> raytheon, greg hayes. >> you're moving on from ge aerospace to raytheon already? >> i'm alinear and crazier. >> let's focus on ge aerospace for a moment. you were talking about the backlog related to ge, then we can do greg hayes' swan song at raytheon. >> the first quarter since the split since it's a fully independent company. >> --...
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the premise of ge was on the knees when larry culp took over. he transformed ge. he joined in 2018.ater in 2021, he was looking to break the company into three parts. he started off by spinning off gehc. the health care part. this is the final piece of the puzzle where he spins off vernova. the power lines and electrification arm of the business. you have the three pieces. the ones ce giant is now in thr. they will get three shares on the pfortfolio. >> i want to get to the main question. we talked about the tracking shares. you can see where the stock is going before it debuts. is that a good indicator if you see it moving higher? does it mean you are more than likely -- >> not really. ge shot up in the last year. you see the spinoff is priced into the stock. when it comes to the breakup, you see the value priced. you see investors which are extremely aware of that and the value has been baked in. you have a fair value here and in general electric. the two of them are looking for at a great margin business. >> let's go to 3m. you say there are 25 other spinoffs scheduled for this y
the premise of ge was on the knees when larry culp took over. he transformed ge. he joined in 2018.ater in 2021, he was looking to break the company into three parts. he started off by spinning off gehc. the health care part. this is the final piece of the puzzle where he spins off vernova. the power lines and electrification arm of the business. you have the three pieces. the ones ce giant is now in thr. they will get three shares on the pfortfolio. >> i want to get to the main question....
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Apr 1, 2024
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, a chance to say, larry culp, we knew ge aviation was the crown jude of ge.gher gear. that's through a leaner, more profitable company. i spent part of last week as you look at shares of general electric. at the wing's club together talking what the next few years looked like. incredibly optimistic and believe the goal of a $10 billion operating profit by 2028 is more than realistic given where the industry is right now. bottom line, for a long time people said you could ever just break out ge aerospace. let that go on its own, it would take off. and it is prime to do that once it starts at a stand-alone company. trades tomorrow at a stand-alone company with spin-off of ge vernowa. >> a company with potentially largely impacted by the issues at boeing. >> yep. >> larry culp a guy who knows manufacturing and understands these processes. i read recently somebody asked if he would consider head spot at boeing? >> yeah. >> all interesting questions surrounding that company. >> i asked him about that last week. >> yeah. >> yeah. i asked him about it. he's been ask
, a chance to say, larry culp, we knew ge aviation was the crown jude of ge.gher gear. that's through a leaner, more profitable company. i spent part of last week as you look at shares of general electric. at the wing's club together talking what the next few years looked like. incredibly optimistic and believe the goal of a $10 billion operating profit by 2028 is more than realistic given where the industry is right now. bottom line, for a long time people said you could ever just break out ge...
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Apr 24, 2024
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. >> united the other day, we've already hired the pilots >> listen to larry culp.rom ge aerospace. this is a high-quality problem that they have to get the cash flow, but how many industries have a situation where the demand is so much greater that we have to overlook problems like this? we have to overlook them >> well, there are some problems that you can't overlook when it comes to boeing. >> well -- >> like making sure they're putting everything together the way it's supposed to be. >> well, that's a safety issue >> which remains -- his memo was all about safety >> greg hayes, b of a, he said, jim, you know what's really important here safety and i'm, like, okay. sounds good. yeah no kidding >> safety first. >> safety first? >> safety first. >> really? >> yeah. >> david's very concerned. >> i'm very safety first >>> when we come back, a bunch of earnings to get to, including at&t, visa, hilton, hasbro mattel, otis, humana take a look at the market. take a look at the market. n'goway. go deeper with thinkorswim: our award-wining trading platforms. unlock support
. >> united the other day, we've already hired the pilots >> listen to larry culp.rom ge aerospace. this is a high-quality problem that they have to get the cash flow, but how many industries have a situation where the demand is so much greater that we have to overlook problems like this? we have to overlook them >> well, there are some problems that you can't overlook when it comes to boeing. >> well -- >> like making sure they're putting everything together the...
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larry culp -- >> take larry culp off. david is working on a very big merger. take him off.ake judy marx off. she would be good. i'll get that "time" 100 event. >> are you going? hang out with mahomes and who else? >> ma homey. yeah. he's -- he's all over me. what? i'm going, okay? hey, like, wow. >> i didn't say anything. >> it's a great event. >> yeah. >> it's a -- it's not the first time. >> we'll talk more about some of the corporate leaders that are on the list this year. we'll get cramer's "mad dash," countdown to the opening bell, one more look at futures. this has been the pattern here where the premarket starts strong. we'll see if it holds as wree' trying to snap this three-day loss. don't go away. old school hard work meets bold new thinking. (laughter) at 88 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley. >>> all right, let's get to a "mad dash." we've got an opening bell about six or so minutes from now
larry culp -- >> take larry culp off. david is working on a very big merger. take him off.ake judy marx off. she would be good. i'll get that "time" 100 event. >> are you going? hang out with mahomes and who else? >> ma homey. yeah. he's -- he's all over me. what? i'm going, okay? hey, like, wow. >> i didn't say anything. >> it's a great event. >> yeah. >> it's a -- it's not the first time. >> we'll talk more about some of the corporate...
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larry culp of ge and the ceo of ge ver nova going in -- >> by the way larry told me when she spun offnova it was going to be ready and that's right. vernova is going to replace esg stocks in people's portfolios. >> look forward to that 24 hours from now. a look at what ge has done in the past year. split market, dow down 150, s&p holding fresh all-time closing highs. stop trading with jim is coming up next. trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning. trade brilliantly with schwab. when it comes to investing, we live in uncertain times. some assets can evaporate at the click of a button. others can deflate with a single policy change. savvy investors know that gold has stood the test of time as a reliable real asset. so how do you invest i
larry culp of ge and the ceo of ge ver nova going in -- >> by the way larry told me when she spun offnova it was going to be ready and that's right. vernova is going to replace esg stocks in people's portfolios. >> look forward to that 24 hours from now. a look at what ge has done in the past year. split market, dow down 150, s&p holding fresh all-time closing highs. stop trading with jim is coming up next. trading at schwab is now powered by ameritrade, giving traders even more...
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already larry culp said he is not going there.scussion. it will take somebody to change the culture there. it can be done. that will be the entry point. charles: you mean someone like jack welch, someone comes in fires a whole lot of people, not to save money but because root out the bad habits? >> the culture has developed over the last decade they're focused on share price. you know there is a fine balance between aircraft delivery and safety. they have clearly crossed that line. charles: right. i think it was a big mistake take someone off the board who oversaw all the hijinks in the first place. are you looking at anything in tech right now? >> look, i own a lot of tech. charles: but are you looking at anything new? i just started the show, relative strength. tech is starting to come down a little bit. anything starting to say, all right getting to that sweet spot maybe? >> i have so much tech i don't think i could handle much more. the closest thing to new tech i bought is best buy. it is a turn-around play. over the last mon
already larry culp said he is not going there.scussion. it will take somebody to change the culture there. it can be done. that will be the entry point. charles: you mean someone like jack welch, someone comes in fires a whole lot of people, not to save money but because root out the bad habits? >> the culture has developed over the last decade they're focused on share price. you know there is a fine balance between aircraft delivery and safety. they have clearly crossed that line....
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and don't miss an an exclusive interview with the ceo of ge ver nova and larry culp later on "squawkg right back. when it comes to investing, we live in uncertain times. some assets can evaporate at the click of a button. others can deflate with a single policy change. savvy investors know that gold has stood the test of time as a reliable real asset. so how do you invest in gold? sandstorm gold royalties is a publicly traded company offering a diversified portfolio of mining royalties in one simple investment. learn more about a brighter way to invest in gold at sandstormgold.com. (sirens) [due at target in 5!] copy that. make a hard left down the alley. network's got you covered. [please confirm requesting back-up.] -changing route. -go. roadblock ahead. ...back up, back up... reverse! reverse! next level moments, we're 30 seconds out. need the next level network. [north corridor, hurry!] -coming through! -or 3, let's go. the network more businesses choose. transplant received. at&t business. >>> nelson's peltz current fight against disney for two spots on the company's board concl
and don't miss an an exclusive interview with the ceo of ge ver nova and larry culp later on "squawkg right back. when it comes to investing, we live in uncertain times. some assets can evaporate at the click of a button. others can deflate with a single policy change. savvy investors know that gold has stood the test of time as a reliable real asset. so how do you invest in gold? sandstorm gold royalties is a publicly traded company offering a diversified portfolio of mining royalties in...