there is a g.e. capital that is much -- give me a sense of what you felt like you had to change and why in the last ten years. >> i'd say the world of competitiveness always changes and the world of opportunity also changes. so in the case of businesses like insurance, i didn't think we were very good. i remember the 9/11 tragedy and we took a billion dollar write in our insurance business and i was going through this incredible time and for the writeoff we took premiums of like $7 million. and i was like note to self, get out of insurance. >> rose: (laughs) the math didn'tork. >> so i think each disposition we just felt like that competitiveness nature changed and then we took that capital and when i was -- first became c.e.o. our oil and gas business was a $500 million business. now it's a $15 or $16 million business. our aviation business doubled in size. health care business is bigger. so we redeploy and get ourselves into businesses we think are better for where the future is going to go. >> ros

g.e. touches all our lives.ey say in their commercials, it does everything from medical images to locomotives - rails are doing extremely well - to all sorts of, even drilling they've gotten into. so along with their traditional businesses, i think you will find a very vibrant company that has a lot of resources in it and is at the leading edge of many highly technological things that, really, i think are going to lead the market next year. > railroads have been hot lately, at least a lot of talk. it's interesting, there's a lot of call buyers, for instance, surrounding csx right now, so it's interesting you said that about g.e. good to have you on the show this morning. > > thank you so much. > that is matt shapiro of mws capital. that wraps up today. coming up tomorrow, wine investors are hitting some sour notes as counterfiet bottles are coming onto the market. a wine pro will be here to un-cork the story. from all of us at first business, have a great day. . >>> the road closure drivers need to watch out for

g.e.ick our butts for two decades. >> greg: why is that? >> dana: wait until they get collective bargaining. >> bob: they will. >> dana: right. >> bob: 1.3 billion. they make an economy work. you can't take away the economy. >> eric: i disagree. china is not kicking our butts in anything. if you start from zero, 1.3 people living in peasant tri for 100 years. they move up at 7%. we have the strongest economy, highest standard of living. best life expectancy. china would love to be us some day. not going to happen by 2030. >> eric: i can't believe you're so optimistic when barack obama as president. he only has four more years. >> bob: you don't think there is something to be said for china owning u.s. bonds >> eric: fix that. we should fix that. >> andrea: we have to keep borrowing more from china. >> bob: we're not borrowing. we have a trade imbalance. >> andrea: they own us. we buy their stuff. listen to what he is saying. he is the u.s. job czar. what has he done with g.e. besides take

shares of g.e. gained 1.4% on heavier than usual volume. a.i.g. shares jumped 3% on reports it could sell its stake in the asian life insurer a.i.a. group for as much as $6.5 billion. a.i.g. still owns about a third of the asian company. canada's third largest life insurer, sun life does have a deal to sell its u.s. annuity business. that business has been under pressure thanks to low interest rates and volatile stock markets. it is a $1.35 billion cash deal, selling to delaware life holdings. delaware is owned by private equity firm guggenheim partners. the deal involved 450,000 annuity policies that guarantee minimum levels of lifetime incomes for their owners. the deal helped shares of other insurers in the annuity business. hartford financial services was up 3.6%. volume almost doubled. caribou coffee will go private. a german investment group has agreed to pay $16 per share for caribou, totaling $340 million dollars. caribou shares shot up 30.7%, closing just above the buyout price. the market thinks a higher offer could be coming. the buyer

. >> if he can, the problem is then, g.e. siemens and other conglomerates probably can do the same thing. i mean, they have fuel cell patents. they have research teams that have looked at this. >> what do you think the chances are that in ten-plus years, you and i will each have a bloom box in our basements? >> 20%. >> hmm. >> but it's gonna say "g.e." >> companies that you have bet on... >> yes. >> they haven't all succeeded. >> right. i have some famous failures. >> you have some very famous failures. >> yes. >> this is perhaps the most famous one of all. doerr is praying that bloom is not the next segway. as he and k.r. get ready for the company's official launch, they're pulling out all the stops, including high profile endorsements. >> i have seen the technology at work. >> yes, that's former secretary of state colin powell. is this the answer to our energy problems? >> i think that's too big a claim to make. i think it is part of the transformation of the energy system. but i think the bloom boxes will make a significan

g.e. shares fell slightly on the deal, down 17-cents to $20.88. also today, a deal in the casino space: pinnacle entertainment is buying ameri-star casinos for $869 million in cash that works out to about $26.50 a share. shares of pinnacle and ameristar were each up over 20%. the day's big loser: research in motion. rimm shares tumbled nearly 23% to under $11. investors initially cheered its latest results out last night, but the selling kicked in today, after rimm's c.e.o. said the company's service-revenue model will change significantly next year. the service fees r.i.m. charges customers to use its network bring in over a third of the company's revenues. also caught in the selling today were shares of nokia. nokia and reasearch in motion announced they had settled one of their patent disputes. as part of the deal, rim agreed to make a one-time payment and continue to pay licensing fees. shares of nokia were down 4.5% to close just under $4 a share. facebook's instagram photo- service is doing an about-face: it's scrapping changes to its terms

g.e. fell hard, down 3.1%. investment bank u.b.s. removed the stock from its favored list thinking earnings growth will slow. alcoa dropped 3%. moody's put the company's credit rating on review for possible downgrade, thanks to falling aluminum prices. fighting against the weak market was oracle. the database software reported a strong quarter last night. and shares responded, jumping 3.7%, taking the stock to its highest price since the spring of 2011. digital storage stocks rebounded. western digital was up four percent. seagate technology increased 3.3%. both received positive analyst comments. fed-ex delivered earnings that were down from a year ago, but still stronger than anticipated. the drop from a year ago was blamed on customers using lower priced shipping options instead of the higher priced express shipping. shares gained 0.9% on strong volume. it pushed the stock to a six week high. the company stuck with its previous financial outlook for the full year. after just five months on the job, the c.e.o. at martha stewart liv

. >> andrea: g.e. d/b/a behind bars. >> dana: maybe the judge exercising his judgment, saw something and thought that he was making the best decision based on his statement. nibble local control, counties and states should be able to pick their judges. i assume he's elected or appointed by political appointee. that is what they do. make judgments. >> eric: i make a point. we don't know if this was the defendant's proposal to say hey, i'll go to church and the judge said fine, put it on the list, too. >> bob: you don't think it will survive the courts do you? >> dana: i won't take the aclu seriously until they defend the guy who made the video that caused -- that did not cause the benghazi attack. >> bob: this is -- >> dana: they let him rot in jail. >> bob: this is as clear a violation of church and state i've ever seen. >> eric: your issue is the church part of it? >> bob: yeah. i wish they would go to church. it's great. >> dana: can i have the book the loneliness. nobody agrees with me. i have not convinced anybody. >> bob: let me give you a thought about that. sit right here, you

. >>> about a week after the election, president obama met with ceos from g.e., hi, former bosses, american express and he thinkna and xerox and dow chemical and ibm and she have ron and proctor and gamble. then home depot, goldman sachs, merck, coca-cola, macy's, yahoo, comcast, hi, current boss, marriott, at&t, it is not quite the entire fortune 500 but it's close. it is about to get closer. tomorrow there is a third meeting. the president speaking to another 100 or so ceos in washington. that makes three meetings with ceos in four weeks. this personal attention from the president has led to lots of positive statements from business leaders. for example, the head of marriott calling the president, quote, resoundingly reasonable. and yes, that is same marriott corporation that just put mitt romney back on the board of directors after his loss in the presidential election to that resoundingly reasonable president obama. mr. romney may have lost african-americans and latinos and women and young people and gay people and single people and independents and everybody in the country who makes $5

he was a vice president of g.e. financial services and the tax director for that division of g.e.t about how the perpetrators of crime come from underprivileged backgrounds. that was clearly not the case here. this is a well-off, affluent neighborhood. and he grew up in this environment. >> that is a very interesting nugget you shared with us in addition to everything else. michael isakoff, thank you so much. joining me now is cliff van zant, nbc analyst and fbi profiler. oh, clint welcome but we always get together under these kinds of circumstances. >> one more time, alex. good to see you, bad situation. >> we do not have confirmation of reports that 20-year-old adam lanza was suffering from a personality disorder. but what can you tell us about that? the circumstances under which he would be identified as that? >> well, we've got to watch this, too. if there is a personality disorder, some have suggested that he suffered from -- he was autistic. we know that if you're autistic there's no link between autism and violence. but he's been described as autistic. i'm reading here ale

cut tax credits which as you know, many of them amount to nothing more than corporate subsidies so g.eys norquist. he goes out to bat for their subsidies. >> jennifer: are you telling me grover norquist is picking winners and losers in the tax code? >> he has priorities. they seem to adhere with some of his own donors. >> jennifer: i'm shocked. norquist doesn't have to reveal his donors. how did find out? >> a nonprofit doesn't have to disclose their grants in but they have to disclose their grants out. i kind of combed through the recently-released disclosure for 2011 and found some of the groups giving money to him. also some companies voluntarily disclose so that's been very helpful. >> jennifer: okay. let me switch topics. i want to show everybody a commercial that ran during the campaign. watch this. i thought we had it. anyway, it is a commercial that is an ad that was paid for by a group called 60 plus association which was financed, in part, by a saudi-led oil lobby group. i think we have it now. let's try it one more time. >> 23 million are out of work. 46 million are on food

. >> reporter: the shooter's father, peter lanza, was a vice president at g.e. been a partner at ernst & young. he is remarried and was questioned by authorities. but is not under any suspicious. the mother who lived here on this street, was -- had some connection to the school, we're told. but the superintendent said this morning that she was not officially employed there. she may have volunteered in some way. as for the father, they're divorced. he doesn't live here. he lives in stanford. and he apparently found out about the killing from a reporter who was in his driveway when he came home and informed him. >> thank you so much. >>> the question goes to what would make a person do something like this? something so terrific to children so little. let's bring in psychiatrist dr. janet taylor to talk about the mind of the shooter. clearly, everybody understands this young man was mentally ill. but to pick children, young, young children, as his victims. i mean, that is about the worst thing you could do. what does that tell you about his motivation? about his st

. >> if i think back to andy at the time, i was thinking about andy's -- maybe the g.e. logos, something like that i was playing with hoovers and the idea of a door-to-door salesman with the moovr and there's a death like aspect there, too. >> rose: i read where you talked about going door to door as a child and the experience of it and how you would smell things, see furniture and you'd get a sense of what was going on. >> a sense of acceptance, of the environment and i think of andy's work in that way, of his experience. we're both from pennsylvania so i always -- i feel a sense of that. but, you know, when i think of the work, again, it's a complete kind of externalization and of playing very god like situation. playing the creator of -- you can multiply, you can procreate image after image and at the same time you can have aspects of how we interpret images of perfection, defined images into abstraction of life and death. so they're so rich, the whole aspect of what it means to be alive and a sense of our parameters that might take place in drama in this work. >> ros

. >> gregg: i bmw, hyundai, honda and you got american companies, g.e., boeing, apple, michelin, they like that southeastern region because that is where the unions aren't. final quick question, if congress fails to strike a deal it will get a whole lot worse? >> the cbo which is supposed to be non-partisan we're going into a double-dip recession. a lost taxes. you look at your paycheck, the first one in january you are going to see a lot less money. >> gregg: it's not just the expiration of bush tax cuts, but payroll tax goes back up. >> then there be will be fewer services. there will be a lot out there. merry christmas. [ laughter ] >> gregg: okay, we're trying to be positive. she smiles a lot on "bulls and bears" every saturday morning at 10:00 a.m. eastern. >> i smile with you, too. i'm with hits arer, you are a great team. >> heather: merry christmas everybody. >> investigators ex assuming the bodies, their murders were immortalized in the book "in cold blood." now detectives want to know if the killer was the same. >> i can't describe it. it was horrible. >> don can't forget th

for example, general -- g.e.'s wind power costs have dropped from 15 cents per kill a watt-hour to near five cents in the last ten years. wind is becoming cost competitive with fossil fuels. on some days, it's the cheapest electricity available. let me just repeat that because that's important, because we hear arguments out there that, oh, this is expensive, but on some days, it is the cheapest electricity available. the department of energy estimates we could receive 20% of our electric power from wind alone by 2030, but we need to stay the course and support a policy with proven benefits. we will not need this incentive forever, but we should not eliminate it overnight. wind resources are widely available in the west, the midwest and even offshore, and support of the wind tax credit is -- the support of the wind tax credit is diverse. wind power benefits a wide variety of americans. farmers and ranchers who lease their land, tax revenues for rural school districts, iron workers, steelworkers and engineers and ev