why ge? they've been trying to transition since 2001. since mr. imelt took the helm and haven't been able to execute quite as effectively and they've had an activist investor as well. >> it hasn't moved ge because they haven't stated what their plan is for the future, so i do agree that the pressure from trio forn, from the street is affe and the way they can clear the deck sos the state which businesses they want to invest in. but most importantly, as investor, what should i be looking at in terms of progress? >> do you own anytime your funds and would you add to it if you did. hold.do and we would consider our guidance has been it's not moving down or up. it's just kind of ceo takes pla until the new plan takes place. you're right. you've waited ten years to take action on ge. at this point, the light is at the end of the tunnel. i want to give him an opportunity to see what the plan plooks like. >> he was in one of the most successful arm as of ge. and it has been able to execute in that division. i guess the question is, can he take what he wa

i'm not going to say that for ge because ge i have to do a lot of work on because it's the type of thingre you're say as good the dividend okay and i know the dividend is okay i know the dividend is okay. i know it's -- i know. >> yes yes. >> see that video will be replayed that's a youtube, i'm going to play it on youtube right now and say what a clown cramer is. >> we're going to get a lot more information after the august 1st, flannery takes over whatever reset there is. >> and i believe, now look my charitable trust owns it i own it personally because we work for the company and what can i say, i'm all in and i have been all in and i can't own stocks all the s&p stocks to own, let's just say also comcast, parent company. >> one thing we're allowed to own. i want to ask you about a report out of city today. they argue that bond yields in order to start to damage equities would have to hit 37 before you bring the risk premium, the long-term average on equity risk premium do you buy that? >> no, no. because the world and the stewart millers, he's fabulous, they would tell you we're abso

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remember the $2 price. >> at ge you mean. >> earnings per share at ge that's not materialized. i know they have said point blank not that happy with what's going on there you could recognize there's no reason to be happy. >> not with a $26.73 cent stock price. that's not easy. down 15 plus percent this year at ge. >> verizon and ge have been terrible anchors. >> horrible. >> we mention blue apron and amazon in the last half hour ubs did take their target from 1,100 to 1,200 as they refresh their earnings model looking at what they're calling increased shopping velocity among prime members. not to mention aws dominance and the idea that investors are going to focus more on opportunities than costs in the back half. >> i think that's true amazon, they play with it different. we used to think they play with it and many people actually think that amazon web services is the real jewel but if that is the jewel it's the front side that you see as a user we've all come to see amazon as i like the term eco system. how many times a day or week are we on amazon i'm on it probably five tim

this family in a ge promotion with the dinner being prepared electrically. the mother is making the coffee while the sun tends to the toast and hopefully he does not burn his fingers. dad is reading the newspaper. interested look too really. anyhow, in fact, you could buy electric dining room or breakfast table sets composed of a chafing dish, copy percolator, and water kettle. when not being used, these could be displayed on the sideboard. makers promoted this as the fast and efficient way to prepare a meal, saying the housewife would never have to go back into the kitchen. this unlikely scenario perpetuates the myth the electric cooking appliance created more free time, a concept we can understand today. these devices do not create more free time. as you can see, this is the burner. the idea was during breakfast you could take the burner to the table and plug it up and you could put the coffee percolator or the tea kettle on the burner and make what you needed. havingwhen madame was friends over, she could take the burner back out, plug it into a convenien

i think that is one of the big questions for ge.uch aggressive standards in trying to push yourself to meet these hurdles that look impossible? master they had aggressive organic -- last year they had or guess if -- aggressive organic roast targets, but that is what people are -- roast targets, but -- growth targets, but that is what people are looking for with flannery. they are looking to move toward different accounting standards, whatever that might be. vonnie: brooke sutherland, be sure to pick up her column on the bloomberg. coming up, how are democrats reacting to the controversy surrounding president trump? the ranking member of the senate usance committee tells earlier about markets. and more reaction to the news that sean spicer has resigned as press for terry. anthony scaramucci -- press secretary. now pressaramucci director. and you can watch all of our pieces on tv . this is bloomberg. . . vonnie: from bloomberg's world headquarters in new york, i'm julia. kevin: and i'm kevin cirilli. you're the top stories we are

ge tried to buy it in 2000 for about 45 billi$45 billion.bout that that would be honeybell if they could do it the other way around it makes sense it's in all the right businesses they're all doing well ge on the other hand is flattering, so that trade, it really showed its stripes today. i think it continues the same direction. >> i mention ed the limbo becaue immelt took down 2017. went get anything on 2018, so it might be the next earnings report in november we don't know. this is the known unknowns an that's the problem with ge i tried to buy early this year i don't know what the story is is i don't know where they're going to go. this is a giant supertanker that's really flowing right now. until that story becomes clear, it's going to be hard to get investors. >> i want to be an investor. which one? >> if you look at honeywell, it has a couple of things going for it third point. it keeps it big within the stock in case they break it up it's a good problem to have. they keep performing so it makes it a tough job so you have two things th

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mann, when did hey we see the new ge after the ceo exit? think we are talking about changing structurally the company in a major way, but we will work to reset expectations that were probably a bit more aspirational than intended when originally set for 2018 i think we will also have a clear line of sight cashtting this company's flow operating to $20 billion. tom: i look at the press release and it reminds me of ibm. is general electric financial engineering or is there a real meat to the cash flow in the distribution to shareholders? nick: there was a structural return to the industrial roots and in the process, there was a confluence of many things that ultimately drained a lot of cash, whether it was the simultaneous introduction to new confer --asset -- to to convert to maintenance contracts, sharply higher cash pension contributions, much higher than anticipated to spending over ge digital and the emergence of an excessive reliance this year on h-share of purchase. i think these will all be addressed and sorted out and in the process,

you can get a -- if you measure ge -- >> good thing you're feeling good >> if you measure ge from 60,t's one thing -- let's get out of this, jack. >> it's all about your starting point, joe >> yeah. >> for investors now, their starting point is $26.70 or something like that. >> all right that's fair. >> the important part is what happens going forward. you have a new ceo, a restructured portfolio, 3.5% dividend i think from this point forward you can earn an acceptable return with quite a bit of cash flow from a dividend i think that's where your viewers should take a look at it >> all right, jack thanks we'll see you. >> thank you >> see you, in three months problem beably probably >> here's some free advice don't ask the ninternet to name things britain learned this after they let the internet choose a boat name, they decided to name it boaty mcboat face. and in sweden, a train was named trainy mctrainface that will be unfailed and comes this fall. >>> when we come back, new data on raising the cost of a child through the college years. here's a hint, that price tag is well over $1

." >>> coming up, ge gets a price target cut but the stock is on mark fisher's list, the essential 40 we'll debate it and talk about the other 39 stocks on fisher's list but first, tech the big winner the first half of 2017 our daily partners at ken show showed tech is up on average 2.57% in q-3 after leading the market in the first half of the year bctomore ken show, go cn.com/pro clouds can't connect?our michael, can we get this data to...? look at me...look at me... look at me... you used to be the "yes" guy. what happened to that guy? legacy technology can handcuff any company. but "yes" is here. so, you're saying we can cut delivery time? yeah. with help from hpe, we can finally work the way we want to. with the right mix of hybrid it, everything computes. 52 week low. jpmorgan cuts their price target the firm doesn't see future growth as a catalyst our call of the day. josh, you're in it, you're out of it now. they say the empire resets they cut estimates and lower the target they go to 22 bucks. >> i sold it right after the barons bounce and the ceo thing. i just look at this l

the deal makes ge the largest shareholder in the new company.icker is bhge and alix steel has more from the exchange. mark: alix: i am here with lorenzo simonelli. great to see you. >> it's great to be here. alix: this week, we had a lot of big people talking about where oil was going. they say it could take until the end of the decade until there are better times in the industry. >> i wish i had a crystal ball. seeing is what the pundits call lower for longer. we look at the macro trend and there is the demand for electricity and a demand for oil and gas. we see positive macro trends. is drivingus productivity. we brought together the two countries to enable us to go full strength and help our customers in the productivity side. irrespective of what happens with cost, they are able to go forward with their projects. alix: how do you model a profit outlook in the short-term? >> if you look at the demand side, you are seeing positive demand. if you go forward, you should start seeing more activity pickup and it's a question of driving that produc

he doesn't seem to have found any success with ge. >> that's true.did not have the same reputation as his predecessor -- he'sch, but he's still a respectable ceo who ran a 200 plus billion dollars market cap company, and they are really looking for somebody with a lot of experience who can restore confidence in the business, prepare the company for an ipo, and then take it public. so they are looking for titans of industry, as we said, to do that. vonnie: it seems so odd to be talking through traditional ceo names for a company like uber. we appreciate it. bloomberg tech reporter, mark milian. up, electric cars affordable for more households is pivotal for tesla to reach the mass market. we discuss, next. this is bloomberg. ♪ vonnie: tesla shares up 1%. we will be getting on to that topic in a moment. first, our latest lumbered business flash, a look at some of the biggest business stories in the news right now. sales of cancer drugs you to double from a year ago. according to people familiar with the matter, merck is taking merck basted sale project

that one we'll disagree on >> if anything, jim, based on ge and the changes happening, this could be the kitchen sink type of thing, right? >> a lot of peopleare talking about that we're going to discuss nelson peltz. it's kind of a wells fargo board feel, if you know what i mean. >> uh-huh. >> the places that you want to be this week, so microsoft gets called out positively. morgan stanley raises the price target. >> apple >> brings it all back to big tech we started with microsoft and now apple and some others. >> yes and technology has been strong it continues to be strong. and anybody who has any part of the cloud -- >> it is cloud cloud is adoption and it used to be thin and now it's retail. health care is adopted and these are really big secular trends i come back to j & j the stock got slammed. look at what it does by the way, that's the best for the dollar. >> but the banks are important this week. >> true. >> especially since they started off not so great i think the quarter was fine there were puts and takes but we really need to see bank of america do well. i think morgan

si le ges mandandosos mensaje mi quida carmen. >>> maribel guerra esposa de marcelo guerra declarÓ queella tiene descuidado al seÑor rogelio guerra. vamos a escucharlo. >>> que si salgo, que si vengo, que si no vengo. como estÁ en un estreno y rogelio f terapia intensiva. >>> no puedo entrar hay 2 horarios que estÉ fuera sentada. >>> creen que hay que estar agarrÁndole la mano, pues quÉ tema hay otra vida y tengo que resolver y sigo viviendo y vamos con mis hijos al cine. que penas que le afectÉ. por dios. >>> tiene razÓn tambiÉn.

ge is getting hit pretty hard. of their profit forecast for this of the part because ongoing challenges it faces in the oil and gas market. ge is subtracting eight points from the dow industrial average today. the s&p is having its worst day in more than two weeks as the industrials weigh on the index. we will get you more insight on the call coming up. jonathan: this is how things are shaping up. ge is shaving some off the dow. in the united states on the s&p 0.2 5%.are about the story in the bond market, yields are lower by about 2 basis points. the headline in the fx market, over the last 24 hours, significant euro strength and dollar weakness kicking in. we still hold in on the cable rate. our viewersk to worldwide, this is bloomberg tv. ♪ emma: this is bloomberg "daybreak." the goldman sachs asset management of global portfolio management coming up. don't miss it. ge getting hit after reporting earnings. the third-biggest point drag on the dow. its lowest level since october 2015. an ugly day for ge. our bloom

there's nothing ge doesn't do it seems and that's mostly their problem.hey don't do anything great >> shift gears, jpmorgan snapping its streak, but some are betting the bank's run isn't done yechlt hey, mike. >> reporting next week, normally jpmorgan moves about 2.7%. that's approximately what the straddle that expires next friday is implying for the stock next week. there's still a lot of time to trade it, but we saw above average call activity today and what we were seeing was buyers of 94 strike calls, paying 1.30 for those. those are bullish bets going into the earnings number and actually, at this price, i think those are very reasonable price bets if you're inclined to make a bullish bet >> you like the bank >> do you like the jpmorgan b k bank >> it's not horrible i prefer the regional banks just because i want to be away from the trade iing part of the markt just because we've had no fairly little volatility here, but the chart was great on jpmorgan. >> it's the best bank out there. they really are. and i know karen loves, jamie dimon thinks he's

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ge the big lager this morning.e're keeping our eye on germany as the president and air force one arrive in advance of the g-20 and of course that important bilateral thwi russia's putin we're back in a minute lady arrive at the g-20. and there's no events that we expect this evening there. but obviously tomorrow will be a big day and the summit and the weeke weekend. >> it's really important create a trend among all the major parties. germany and russia with with the history lesson that people don't get. he talked about it >> i know that there's been some high profile, rory mcilroy and ed sheeran this morning they're saying this direct program is interesting. and they must be able to get things under control you get the slamming and by anonymous people under control they seem to think it's more under control. i kind of like it. it was a way to complain so maybe they think they're further along. i think ed sheeran would beg to differ and rory mcilroy. >> what's on mad tonight >> i'm trying to find new ways to get pe

peltz about p&g and ge at this point >> ge i think is one of those things where the mistakes that generallectric to me were timing mistakes. in our world, timing is bad, same as being wrong. i don't think the fix at ge is all that difficult given the current valuation. procter & gamble is much different. my apprehension back in february i think, when he announced the stake was, listen, i'm sure it's going to work out in the long run but in the short run, go back and look at dupont, september of 2014, that was a $76 stock i think. briefly traded up to 80. within a month and a half, you're talking about a $50 stock, albeit because crude oil was getting crushed. if you follow the guys and girls in on 13-fs, gs, h, i, j, k, you have to be careful, it doesn't mean you're going have the instant gains you want. >>> still ahead, blue apron shares getting obliterated today on reports amazon is entering the meal kit delivery space. we'll tell you how much worse it could get. >>> we'll take a final look at netflix. the stock still up more than 10% in the after-hours session record high here much for

baker hughes, a ge company, lorenzo simonelli. >>> disney stores plans for its parks.e pull customer insights from the data in real time? wait, our data center and our clouds can't connect? michael, can we get this data to...? look at me...look at me... look at me... you used to be the "yes" guy. what happened to that guy? legacy technology can handcuff any company. but "yes" is here. so, you're saying we can cut delivery time? yeah. with help from hpe, we can finally work the way we want to. with the right mix of hybrid it, everything computes. at the lexus golden opportunity sales event before it ends. choose from the is turbo, es 350 or nx turbo for $299 a month for 36 months if you lease now. experience amazing at your lexus dealer. >>> disney is offering a sneak peek of its star wars land models currently under development at theme parks in florida and california they'll transport guests to a never before seen planet one of the attractions lets guests take the controls of the millennium falcon on a secret mission. >> wish we could go there right now. they've had a

i wish we didn't ge is talking about jp morgan which has really gattis liked ge and there's only a fewnalysts on the conference call they're saying that the down side here is not cyclical. it's not just the economy not doing well because that's not the case they're saying it's secular. you were rather surprised that they didn't have because this is up and that's up and this is up but they don't make nearly as much money when something is good versus a honey well where you see a division that's up and they're just cleaning up, the turbine business for ge is quizzical. this review is not going to be done until november. the new ceo but a lot of people are coming out and saying that ge should sell at 23 that's where it would be roughly equivalent to some of the other cyclicals that aren't doing as well now one cyclical that is not doing well in the marketplace that i think is shocking is tool works, a rare miss on the revenue side rare miss. we have to do more work. i don't want to ever bet against him. he's done a great job but that is is going to impact a lot of cyclicals because it's s

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that's how much the value of ge has come down this morning.s another big number that we have been talking about, more than $4 trillion, added to the overall stocks just since the election, that's the trump rally. come in bob doll with new investments. a lot of people are asking, a lot of people have done very well in the stock market. do you think it's time to get part of any of your money out of stocks and go someplace else with it? >> not really, stuart. there aren't a lot of good alternatives. i'm talking about somebody who has the right amount of equities, if you have relative to what you should, enjoy some profits and take it off the table. the stock market may be tired, and that means go side wise before it goes back up. at some point there will be a pullback. back in the election-- go ahead. stuart: my question is, let's suppose, let's think positive for a second. let's suppose that we have obamacare reform and some kind of tax cut. where does the stock market go then? >> well, certainly up because the market's not expecting anything ou

david: you bought from ge-nbc universal, was that something natural for you?afraid you should not be in the content business? brian: there were people who had that worry. we had a dream that the perfect company, if you could create it from scratch, would be in distribution and content. both were good businesses, kind of symbiotic, so we had got into a certain scale, which matters, dabbled in content, the golf channel, regional sports networks, and along came the recession of 2008-2009, and ge wanted to sell nbc universal. the financial crisis -- we had been knocking on the door for a decade in one day they said, ok, and we jumped at it. david: things like hollywood studios, sometimes they like to hang out with the stars. that is not you? brian: that is not me. i care about movies, but i have never been on a movie set. david: there is a concept called net neutrality. 99% of americans probably do not fully understand. can you explain what net neutrality is and why it is a big deal? brian: to me, it can also be called regulation. so what do i think we stand for?

he owns both ge and microsoft. kevin o'leary i hope is still with us, as well pete, we're looking at these stocks and focusing on a couple of names that are specifically in the news today. we go outhouse to penthouse and put microsoft in that area and in some respects, we put mcdonald's in that area over the last couple of years microsoft hit a low of 40 bucks and change in august of 2015 that stock is up 82% since mcdonald's hit a low of $91 in august of 2015 it's up 69% since that date. discuss those two. >> well, i think, specifically, microsoft is the most interesting right now for me i own that stock why do i own that stock? back in february of 2014, they made the exact decision they should have made, which was a transitional position that they were putting in with the new ceo, satya nadella he had a focus, he had a mission, and he has executed almost to perfection, scott. when you really look at where that company was, it was floundering, they are spending money, they couldn't figure out, did they want to get

ge was a focus for a lot of -- for a lot of people. as an individual investor, do you ever try and identify those and invest in them? i mean, it hasn't really moved the needle on ge's stock recently, but it has on others. >> it can be easy to identify some of the companies, but you might be sitting for a long time waiting for an activist investor to recognize that. i think a lot of boards out there, they're supposed to be an advocate for the shareholder, but unfortunately, there's a good number of them that act as a little more than an agent for the ceo, awarding out, you know, very large compensation packages, even when the performance is poor. if withdrew cyou can iden hangie waiting for a carl icahn or nelson peltz help you out. >> i'd like to see one of the boards work for me and get my compensation package going. thank you very much. >>> on wall street, stocks were little changed as investors remained reluctant to make moves ahead of a busy week for earnings. today the dow jones industrial average fell eight points to 21,629. the

roge out remember before google >> we'll get to google. >> ge should be at 23. if honeywell will be at -- >> simple multiples or -- >> in the end, what's so unnerving about ge, i'm sorry to do that. >> the ge is interesting then you see how little they make and then you see this turbine. david you and i could go into turbines in terms of sales unnerving. power. the combination of power, locomotives and health care, what the hell? >> i know. turbine sales are important, too. they also generate a service fee over a long period of time unless you choose to pull in that service fee as a one-time payment. >> who would do that >> i don't know. >> that's something for investors to look at. >> that would be ill advised way to be able to break a quarter. honeywell, so far, it's caterpillar, then honeywell. and then united technologies and then sadly 3m. just not great for 3m. >> they continue to have a review of that business. both engaged in that to decide or help the company figure out whether to separate out its aerospace business under some pressure from dan logue th

what is the focus for ge? what about its guidance?y i don't feel like i can win anything ♪ i just want to lay in my bed ♪ don't feel like picking up my phone so leave a message at the tone ♪ today i swear maria: youtube combating extremist action. >> reporter: youtube is redirecting isis recruiting clips to antiterrorist videos following an initiative by the video sharing site and its parent company google to combat online extremism content. many advisers pull their business from youtube after discovering there as her plane and videos that were promoting terrorism. said news in the music world, the front man for the band linkin park chester bennington has died. ♪ ♪ it doesn't even matter ♪ >> bennington was found dead in his california home due to an apparent suicide. he was 41 years old. linkin park was one of the most successful band of the 2000s, the sound helped to sell 70 million records. the band is set to kick off their one more light toward next week. and o.j. simpson's time in prison is nearing an end nevada officials grantin

this, that lost wipes $12 billion from ge market cap. delayed 2018 profit target until november, plus it lowered its guidance to the low end of what amists are -- analysts are expecting for this year. if you think ge was crazy, buckle your seat belts because next week will be one of the busiest for earnings including tech titans, alphabet, facebook, amazon plus exxon mobile and chevron and many other names that you likely have in your portfolio somewhere. let's get to the floor show, stock exchange in new york and cme group in chicago and lower manhattan. tim anderson, i will begin with you, it's friday. i wouldn't be heartbroken if we won't see records today, right? we are near all-time highs? >> that's right, even though we don't have the record closed today, we will have a weekly record close for the dow and the s&p for the second week in a row. weekly numbers could be very powerful, possibly also for the nasdaq and that's in a week when as you mentioned ge disappointed, ibm disappointed and big box and home depot and lowes with the p

i agree with peltz when he says ge and proctor can accelerate cost cuts. let's say what's said about honey well, the call will be led by the new ceo who stepped in after a long time chief executive, a wall of famer for mad money retired. he was met with an immediate call to spin off the company's air row space business everything is on the table although we probably dent get to hear anything until the fall nevertheless, when i speak about the quarter being in the balance, honey well has divisions that play a huge role in construction, autos, climate controls and oil and gas i think they'll tell us a clinical fashion how all these key areas of the economy are doing and we'll take our cue from his thinking. here's the bottom line this is the defining week. i think every sector we need to care about will be covered and we'll be able to gain the rest of earningsing based on what we hear over the next four days so pay attention and stay focussed and be ready. bill in connecticut, bill? >> hey, jim. >> what's up, bill >> caller: i'm wondering why vmw is selling

ge. ceo jeff immelts last quarter. perhaps concern with that. ge shares down 3%. another loser i wanted to point out is snap. liking preparing for a flood of snap social media site shares because the lock-up agreement is expiring in a couple weeks here, end of july. and, you know the way this works is, insiders, investors, early investors bought the ipo has been forced essentially to hold on the shares until the so-called lockup agreement expires at end of the month. so shares are down a little bit. you know this $3.4 billion ipo. so watch the pressure on snap. melissa: we will lori, thank you. david: oil ending week down more than 2% to 45.77. it has been down seven of the past nine weeks. gold going opposite direction, ending up 2.26% for the week. in the green for the second week in a row. melissa. melissa: leaving the podium behind, white house press secretary sean spicer resigning after six months on the job. blake burman is live at white house with details. boy it has been quite a day, blake. whoo, i'm tired. i don't know about you. reporter: just your typic

ge is looking to sell some of its operations. ingo: we sold the business that e.ting with g we are not interested in that part of the business because we believe that the footprint we have right now is going to take us into the future and the that we sold which is similar to what ge is selling, it is more the bulb making and we shattered that business. manus: one final question on that same, where are you interested in doing acquisitions, it is not in the ge lighting business. is that what top sure agenda them at internet of things? our agenda iss the theme of economists driving. -- minorityk in a stock in a company which is a digital writer for -- provider for anything to do with economists driving. -- autonomous driving. if you look at semiconductor leded technologies such as where we are strong at, if you combine it with electronics and software you increasingly have a very promising growth opportunity for intelligence -- intelligent lighting solutions and those are the opportunities we are looking for right now. anna: we will look for that. thank you for your

and theyaiaid, wl, we ge ththemicycycle and said, well, whatbobout the gis?s? and theyaiaid, o no.o. ''a wawastof monon to give a bicye e to airl.l. she's gog toto tn arouou and get maieied. and the'e'a fafamo indiaia yiying: y wawatea planan th''goining grow in a neighbor's s gard? so t thoug, my g g, if i 's on a bicycle that's keepgg gis s fromoingng tschoolol let's gohehead a, yoyou ow, give it t them. [bhatiti] haharat's ther]] [bharati] man: like what y saw? th visit vwchange.g, link tv's brand-new multimedia website. watch over 200 stories aboutut new solutions to the developing world's biggggest challenges, get invovolved with the e issue, share ththe stories th friends, and help change e the world all at viewchange.org. narrator: to read the full 2011 state of the world's mother's report and to learn more about "save the children," visit savethechildren.org. woman: the following program isis an original productioion of linktv. narrator: next up, the true story of a girl who justst wants to go to s school and d has to change the minind of her entiree vi

we'll tell you why huge downgrade for ge. why one analyst urges you to sell that stock and answers our question of what is the biggest mistake ge has made. >> thanks. i'm michelle caruso-cabrera. here's what else is happening. microsoft officially announce being it's cutting 3,000 jobs. >>> liberty media buying the rest of hsn. $2 billion deal brings the nation's two best known home shopping outlets, qvc and home shopping network >> and despite a soft first half for auto sales the outlook remains strong >> welcome i'm tyler mathison we begin with the president's big overseas trip a very consequential one. he spoke early this morning point land and a short time ago landed in germany and his first face to face meeting with russia's vladimir putin. eamon javers is live in hamburg with the very latest >> reporter: that meeting with vladimir putin will come tomorrow here in hamburg but today president trump has landed in air force one and just met with angela merkel, the chancellor here in germany that meeting so much anticipation

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points, the lowest level since october 2015, an ugly date for ge.>> they set expectations at the lower end, talked about power, oil, and gas worse than expected, so they have to make it up and costs and other actions. , i don't want to say they warned on the dividend, they said three-four times that the dividend is ok, but that almost creates concern. they did say they would back off on the buyback, so there is some worry about that. they also pushed out to november when they will talk about flannery's plan. i think people were thinking early fall, and now late fall. >> it is a big company, so it is taking longer. retailer-based fashion is not a public company yet, the growing fast, aiming to disrupt the market for luxury italian shoes, $50 million in revenue this year. the founder and ceo tells the story on the latest addition of small to big. it is a new luxury brand providing the customer with the highest quality italian shoes at prices never possible until now. at the luxury marketplace, and there were so many things about luxury that were great

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boeing, ge, titans of industry.'t they find private lenders to finance the deals, not using exim loans. export subsidies may boost the profits of the corporations that get them. it's bad for the economy because it shifts capital economic growth and jobs from unsubsidized firms to subsidized once, also known as politically connected ones. even hurts some of our own domestic companies. delta can't buy boeing planes with subsidized exim loans, while foreign airlines like airindia can. prompting illegal lobbying battle between delta and boeing over the fate of ex-im. hanging onto it is nothing more than big fat corporations hanging onto their handouts, handouts that working americans pay for. here's the good news, in a bold move, president trump just nominated former congressman scott garrett to head the ex-im bank. here's garrett on the house floor two years ago. >> they are resurrecting this fund for corporate welfare. you see, the export-import bank transformed the role of government from a disinterested referee into

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perspectives of those that owned slaves and so we had a great revision that occurred in the 1970s which people ge began to focus on but what did the slaves themselves think and what kind of documents provide their perspective so that's what i try to do is to their voices into what i write a write >> is there an extensive archive? >> there were a lot of voices one of the things that happened in the great depression is the government paid for people to go out and capture u.s. history and one was the work project association which went into the south and they began to interview aging men and women who had been enslaved, this was past generations of people who'd been enslaved to find out what's where their memories and experiences so we have that archive but we also have others where people have written their stories as a kind of freedom we have some very early accounts that come out of the 18th century. so the abolitionists wanted people to understand what the institution was like so they could get people to abandon it so we had a lot of applications that i am period as well. was there a small aboli

welcome to cramerica call me or tweet me @jim cramer what happens if people actually start ge

it will of proof every hour wubs ge tote to the afternoon. sunshine returns 81 by sunday. that looks nice on sunday. 7 day forecast right arm marm count on it friday. soaking rain. showers and. >> high temperature on saturday. that's cool. like i said, 81, sunny, pleasant. over the next few days into first week of august, august can't believe that bore know it. now showering until i ran the water. looks nice. keeping you updated on severe waem. shawn. >> thank you, indicate lip. take a look at this. 92 annual chincoteaque bone jury swim in virginia thousands all over the world dime watch 150 ponies. swim auction tomorrow we understand will happen part of heard will auction off and benefit a local volunteer fire department. >> we've seen hall owe gram musicians like. >> one is going on a world tour. >> that is a hollogram of ronnie james deo performing along a group of live musicians. it's like he is a little too small. he died of come ak canter 010 at the age of 5 3. she wants to see him perform again and band and hall owe gram withic ricking off a world four in winter and

ge is slumping after they issued a weak forecast. the dow has spent the session in the red and is down just more than 50 points. >>> it may be the perfect weekend to get out and about and there is a lot to do across the bay area. >> from free outdoor music to a bike festival. >> reporter: the weekend is here and here is what's happen around the bay. the san francisco marathon sunned. the weekend also has a marathon. 5k and two half marathons. or head to golden gate park for the show this weekend. see them on display and buy plants and supplies in the county fair building. pack a picnic and head to the waterfront for the san francisco symphony's third yearly free concert at pier27 or in the east bay you can cruise over to kettle fest on saturday. the fest will include a pedal power food, live music, a kid's bike parade, vintage bikes and vendors at jack london square in oakland or check out the bay area black expo where you will find a health fair, tech fair, job fair, music showcase, kids corner and food pavilion. in the south bay it

, both more ways to drive value at ge, ce transition >> there are two stocks on the dow, ge and verizonverizon is down almost 19% this year >> incredible, yet they managed to offload those cell phone lines that frontier used to. >> also a deal cincinnati bell, did you catch that one >> hawaiian deal i was going to talk about how big that was until you said listen there's deals, small deals from $8 to $10 billion not even a billion >> doesn't even make it. >> david, i struggle, i struggle to find deals of any import whatsoever >> it is another quiet morning when it comes to that, yes >> david, how about mutual fund inflows. >> how about them? >> remember those days when i'd come in and say mutual fund inflows, now it goes to etfs >> all etfs. >> i know. >> wrote all about that, too >> i thought it was a very good piece. >> did you >> i thought it was a very good piece how they were kind of in charge, but i take that as bullish. what it says is, unless there's some stock where there's a real negative story, there's an undercurrent of lift to this market, and a lot of it has to do with mon