culp always said that. tusa says those comments, the way i read it is, hey, listen, i am not excited about the stock. but i no longer think it is a situation that is dire don't you think that >> yeah. i tend to think that i mean, jim, are we -- do we feel like we're safe when it comes to long-term care. are they done? is this it there are questions. don't forget harry and his entire indictment would be a accounting of the company as well that seems to have come and gone without too much -- >> well, look, i'm still waiting for the gigantic decline in the debt position. we don't have that that's what the free cash flow can do i think that -- the damage here turned out to be not irreparable, let's put it that way. i read what tusa is saying, i think he's saying, look, if you talk to tusa, i haven't changed my view one bit. >> that's what you take from his -- >> i listen to larry culp, i think how can you not change your view one bit? if you have -- stephanie link at this point, i will -- in a claymation death

of bappa rating profits in recent years cracks that have led general electric sheep executive larry culp to start freezing its pension plan for about $20000.00 u.s. workers and offering pension buyouts to $100000.00 former employees as the conglomerate joins the ranks of u.s. companies basing out a guaranteed retirement and while bad business decisions and corporate belt tightening are being taken out on retire on the retirement of g.e.'s workers their c.e.o.'s well in a they're still doing quite well not only did g.e. shell out a $10000000.00 golden parachute to its last c.e.o. the new c.e.o. mr culp's new 4 year deal signed just a year ago could net him as much as $21000000.00 a year my friends i think it's safe to say that it's a good time to start watching the hawks. it's. like you know that i got.

mr culp's new 4 year deal signed just a year ago could net him as much as $21000000.00 a year. my friends i think it's safe to say that it's a good watch or the whole. you. want to. treat the sick like you are real that this would seem. as if you were to fly out of . touch with the day like you but i got. the police. to. see how. well the watch of the hawks i am i robot and i'm taffeta lawless oh gee golly gee gee it's interesting as we were talking earlier about this the 1st time i really understood why really got why corporate conglomerates were a bad was during a stint in the mid to late eighty's and was when you had mentioned that g.e. bought n.b.c. and david letterman famously kind of rest on that and you know we showed up to you how to think about toaster ovens and part of what he was making a point of saying even told johnny carson on another and base a show that was owned by g.e. this idea of of this company that sells toaster ovens and all this at the time having control over not just what david letterman says on a chat show but what the news says and how that is and t

personas afroamericanas por parte de policías y esto se podría lograr con un reforma en que nadie culpejador que quedó atrapado en una construcción recibe la ayuda de perros para buscar su cadáver hay una persona que está desaparecida también en la escena >> en méxico tras el asesinato de una mujer en la puerta de su casa el gobierno federal anunció que ciudad juárez es la segunda ciudad más violenta del país solamente es superada con tijuana que cuenta con 1430 víctimas >> esta manifestación obedece al número de crímenes dolosos y deja de lado todo el trabajo que hemos hecho >> en 2008 ciudad juárez se consideró la ciudad más violentas del mundo >> 14 delincuentes y un soldado muerto fue el saldo de un enfrentamiento en guerrero >> los refuerzos no tardaron en llegar pero los criminales habían sido abatidos los cadáveres quedaron encima del vehículo >> comienza con una llamada al 911 >> después los agresaron activaron sus armas pero también los oficiales >> él con la ametralladora le quita la vida a los agresores >> 14 miembros de un grupo criminal fueron abatidos >> estos hechos son u

culp's of demonstrated demonstrates it in 6. this is business. as welcome japan and south korea have been at loggerheads for a while over the treatment of korean prisoners of war by the japanese in world war 2 now japanese apple make a unique low fanned the flames of the conflict that extent a damaging trade between the 2 important economies in unit close latest t.v. spot south korean consumers feel the former colonial powers knocking victims of wartime oppression. well the commercial shows teenage fashion designer care astrologers asking 97 year old style icon iris outfall how she dressed when she was young how did outstanding answers you were my i can't remember that far back. in south korea that was translated to how can i remember something from 80 years ago and thus began the backlash 80 years ago marks a sensitive time for the country it was towards the end of the japanese occupation of the korean peninsula and the legacy of forced labor and sexual slavery still strains relations between seoul and tokyo today a fight over wartime labor comp

also the flying taxi is finally that german startup full culp's of demonstrated demonstrates it into 6. this is business. as welcome to japan and south korea have been at loggerheads for a while over the treatment of korean prisoners of war by the japanese in world war 2 now japanese apple make a unique low found the flames of the conflict that extend to damaging trade between the 2 important economies and unique flows latest t.v. spot south korean consumers feel the former colonial power was mocking victims of wartime oppression. why the commercial shows teenage fashion designer care astrologers asking 97 year old style icon iris outfall how she dressed when she was young how did outstanding answers you were my i can't remember that far back. in south korea that was translated to how can.

no culpe hemos a pg&e, es una cosa de precauciÓn.las consecuencias. marÍa: aunque para la mayoría, los apagones son problema, esta pequeÑa se alegrÓ de no tener que ir a clases. el condado de sonoma unos 66,000 clientes no tienen energÍa elÉctrica y no saben cuÁndo regresará la electricidad. ramÓn: voceros de caltrans dieron a conocer que terminar de instalar los generadores en un tÚnel. permanecerÁ abierto las cuadrillas empezaron anoche para evitar bloqueos.. son los tÚneles mÁs transitados en el Área de la bahÍa. el bart asegurÓ que el servicio va a continuar con normalidad, luego de haber instalado generadores en zonas que anteriormente estaban en la lista con posibilidades de sufrir cortes de luz. las estaciones para seguir ofreciendo de servicio con normalidad.. el servicio de trenes caltrain confirmÓ que se mantendrÁ operador y que cualquier inconveniente lo harÍan saber a travÉs de su cuenta de twitter. muchos se preguntan si esta es la mejor manera de que pg&e prevenga incendios. una portavoz de la compaÑÍa nos advirtiÓ que

ed: this is great for larry culp, he has been a year and the job, happy anniversary. been aggressive. off.hares are still what does he have to do to get this company back up? brooke: the difficulty is he has done all of the big things. he sold off the assets that could be sold and at this point there is nothing obvious that could be divested. you start to get into complicated transactions that take time. now you're in a position that you have to grind it out. you have weak cash flow in the businesses. you have to get that higher. that will not be done overnight. that is deep-rooted cultural change. you also have to avoid a recession which could be problematic for ge. you have to keep chipping away at this debt load. these actions are painful and take time. jonathan: -- ed: what about transparency? that is another thing. could he not do that as a way of short-term suasion of some of their concerns? brooke: i would agree with that. there's a lot more that can be done in terms of improving the financial statements and the way these companies are run. investors want to se

[applause] >> in august congressman elijah culp ks spoke at the national press club and spoke about his upbringing in baltimore and said until he died he planned to work to ensure children have a better future. here are some of his remarks. [applause] we must also stop the hateful, incendiary comments. we got to do it. those in the highest levels of government must stop invoking fear, using racist language,

now evaporating profits in recent years cracks that have led general electric chief executive larry culp to start freezing its pension plan for about $20000.00 u.s. workers and offering pension buyouts 210-0000 former employees of the conglomerate joining the ranks of u.s. companies phasing.

, culp once again calling 2019 a reset year, but also adding later in the letter that, quote, we expect better results in 2020 and beyond, and that as operational improvements take hold, the industrial segments should, quote, yield cash on sales more than double last year's levels culp has cut to a penny. the current selldown is raising $38 billion to put toward paying down industrial debt nonetheless, shares are lower in this broader sell-off and shares of ge over the past 12 months are down about 26%, although i will note, they are up something like 18% year-to-date, they have seen them come off the lows of the past year. >> i guess investorshope this is the final reset year. >> exactly when he got the job and took the job, he said, it's not going to be a quick fix and it's obviously proven that to be the case you're seeing the decline today, probably an exaggerated move it's become a bit of a trading stock. and that's why i feel like you can't lean back on current earnings to justify where it trades >> 4 1/2 minutes left to trade after the bell, we'll get earnings from stitchfix and

now evaporating profits in recent years cracks that have led general electric chief executive larry culp to start freezing its pension plan for about $20000.00 u.s. workers and offering pension buyouts 210-0000 former employees of the conglomerate joining the ranks of u.s. companies phasing out a guaranteed retirement. and while bad business decisions and corporate belt tightening are being take it out on retire on the retirement of g.-d's workers their c.e.o. was well a they're still doing quite well not only did g.e. shill out a 10 $1000000.00 golden parachute to its last c.e.o. the new c.e.o. mr cope's new 4 year deal signed just a year ago could not have as much as $21000000.00 a year. my friends i think it's safe to say that it's a good story watching the whole. the for. real that this would be. as good a part of. the day like you that i got. was that we. would. be. excited i. welcome the world watching the hawks i am a robot and i'm taffeta lawless oh gee golly gee. it's interesting as we were talking earlier about this the 1st time i really understood why i really got why corporat

it looks like larry culp is actually delivering. guy: cash flow very solid. flows off today. it is the banks really doing the damage, mainly deutsche bank, credit suisse, santander, all down hard today. that is what is dragging the stoxx 600 away from the 400 line. eurosterling a little negative right now. tiering comes into place today for european banks, plus the restart of that qe program. we are keeping a firm i on both of those stories. the others dry want to mention is the south african rand, absolutely pummeled. the dollar up by 2.5%. the budget out in cape town today, having a few -- having a huge impact on the rand today. vonnie: let's bring in bloomberg economic chief economist carl riccadonna. decision is at 2:00 p.m. we look at the markets, and there is only 30% chance that we would get another cut this year. carl: there's a belief in the marketplace that maybe the fed follows the same script, winfrey three was the magic number that reinvigorated the economy. the fed was able to back away from accommodation. we are on a much softer trajectory at present, so i don'

that would have to be culp's hill in the background if this were gettysburg, and it is not. it is nowhere near that high. these are the temporary wooden markers at antietam. they put those markers in five years after the battle. at gettysburg, they buried the dead that november. abraham lincoln came out, dedicated the national cemetery, and got them buried pretty much right away. at antietam, we were still in war for a few years until the end of the civil war, so they did not have a chance to bury the union dead until five years after the battle. they did not bury the confederate dead for 10 years after the battle. think about that. one day there were 3500 dead, another 3500 that would die within two weeks. that is 7000 dead all over the place, many of them not buried for five years or even 10 years. what they did in 1867, the war was over and they finally decided to start getting things together. they hired a silversmith out of hagerstown named thomas bold to get the national cemetery together, and they put these temporary markers. they took these markers -- these were the

>> listen, sunshine, you should be happy i threw that at you it is larry culp's anniversary. >> i think 9. >> the insight you bring to the show is really -- >> g ex-has a hard road ahead of them the industrial business is doing okay long-term care. >> you got to wait. >> wait until people die >> sadly, it is waiting for this vintage of people they use that word, i don't mean to use that but they use the vintage of people who got those policies, and china ameliorates the policies you talk about a policy that had very little, spending $200,000 a year in home health, and ge is on the hook. they're trying trying to mitigate. >> they are. they'll continue to. it takes time to work through it. >> that's why 2019 is -- >> we're waiting for tusa, hasn't -- maybe tusa, which is culp -- >> he should do a happy birthday piece from jp morguen. >> birthday or anniversary anniversary of his taking over >> birthday? >> right >> okay, anniversary. >> one year anniversary. >> all right. >> apple is leading the dow to your point earlier, jim. as we're back to 2990. to bob pisani. >> heading to 3,000 pret

. >> gary culp, these companies have been accused of fueling the opioid crisis. going forward, what companies do. can you define fueling or not healing, we do know the painkillers are not going away. it is a part of what is used everywhere in hospitals and clinics and dodgers you name it, how do companies define themselves going forward to make sure they are not monday losses. >> married that's a great. what we need research and we're getting it. what is the drug entries pain that does not addictive. how you affect the pain centers of the brain that went out affecting the addiction centers of the brain. that research is going on right now. number two, i want you to know that they far short recent will. we come to my office, they would invite me out to dinner and invite me out on trucks. they would have lectured some puzzles lectured by people at the in the lecture coming see wait a minute, there's only one drug in the world that works. and that's all opioid. they would have advertising. you want to sleep through the night. take this opioid and we know all know wh

we have to give larry culp six more months, expect nothing great. >>> pamela in new york pamela >> hawaello mr. cramer, my drea has come true, i'm talking to you. >> thank you thank you very much. >> so listen, so you know what, i like proof point. >> right. >> and i'm just wondering is now a good time? >> i think it is g gary steele is doing a great job. a lot of people think they're going to derail. i still consider proof point to be a winner. that is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade take control of your financial future with a new madmoney.cnbc.com. cramer's exclusive interviews, full episodes, analysis, even your own sound board, special access to mad money 101 with rules and techniques to break down the market for all investors it's everything you need right when you need it. the new madmoney.cnbc.com. ve do, read earnings reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? t

as a matter of fact, i would say larry culp has the situation under control. 2019 is a reset year 2020 will be better. the problem here is not of larry's doing, and he is really cleaning things up i don't want to bail i think there could be more weakness, but i do not want the bail i'm going christian in nevada. christian? >> caller: hey, jim. how you doing? my question is i'm currently down in my position in sprint. should i sell now or wait? >> you're on the wrong horse you need to be in t-mobile with a deal or without, you've got john legere working for you and ledger is the bomb watch for stocks not as bad as numbers and stop worrying about bte after this decline use weakness to pick up the ones i've given you here. on mad tonight, constellation with better than expected numbers, but the stock is still dropping feel like you need a cocktail after the move i'm going to talk to the ceo >>> then ulta faced an ugly sell-off, but where should you stand with the stock i'm investigating. >>> and after a wild few days in the averages, wondering how you should position your portfolio i'm he

i think of larry culp with general electric and the reason you believe in that story. do you believe dennis muilenburg should remain ceo? >> through this transition absolutely the last thing this company needs is to have an interim ceo. i like they separated the chairmanship role from the ceo role that's a good thing. at least he can focus all of his efforts on fixing this, getting this plane back in production. afterwards, i don't know i don't give him a "c. i give him a "b. i think it's tough to go in front of congress with all these questions. they're firing they have the right to do so but it's a tough -- you're in a lose-lose situation i think. >> some would say maybe he brought that on himself with his actions from the time of the crashes from today it wasn't exactly the most forthcoming or public ceo that we've seen in an instance where maybe he should have been. >> i think in the beginning he didn't do a good job i think you're right on that over the last quarter or two, i think he has i thought he did a decent job on the last conference call when they reported

beautiful light culp tours, a lot of projects that came over from burning man and the san francisco arts commission let us use these pictures of what many of the previous installations are there, but that's also improved the quality of life i think for the city, so while it is more of a hassle to drive through, there's been a rebirth of let's enjoy the city for what it is. >> it is a beautiful view. >>> our emmy award winning documentary series "bay area revelati revelations" conicaled the day the loma prieta earthquake hit. we are reairing the special at 4:00 here on nbc bay area. if you're home and you want to watch it now, use our digital app to do that or set your dvr and watch at your leisure. >>> anti-government protests continue in hong kong today. the city is bracing for a full weekend of demonstrations. on thursday, hong kong leader kari lam was forced from the legislature for the second day by the opposition leader. protesters are calling for a 25-mile human chain outside the metro stations there tonight. >>> next a quick look at top stories we're covering including pg&e in a h

larry culp does recognize this is not the year that anything is going to happen. >> next year may notr long-term turn arounds, long being the operative word. >> the damage that was done here was just inconceivable how much damage along every -- he has to check off every box. whether it be pension, long-term care, turbines not turbans, it is turbines. >> you're selling a lot of stuff into china too. >> and boeing. >> and the market, sort of -- boeing. >> gm news is important because as gm drags on, 45 -- more than 40,000 employees who are making basically $200 a week, and then you have boeing not being able to generate any real return. these are the two -- you try to figure out bulk employers in this country, boeing, gm are about as big as they get going to slow down gdp. >> because the strike, which we're only making 200 bucks a year and that's what the union is giving them now and boeing, not as many people because of the -- >> the max. >> the max problems. >> i just continue to think that this is market where there is very few winners, but there is just a lot of companies doing noth

quarter, aviation health care was strong, but power continued to decline it saw revenues decline by 14% culpelling me that 2019 remains a reset year there's still a lot of clean-up to do, plus longer-term risk, market volatility, trade and tariffs and grounding of the 737 max. remember, they do make that leap engine he was more optimistic than he was when he joined as ceo last year ge shares, check it out, up 10% today, but still well off the al all-time highs it hit back in the year 2000. $58 and change morgan >> seema, thank you. >>> josh, one of the other things that's been seen as a potential skeleton in the closet or maybe that's strongly worded. one other thing that investors have been worried about is long-term care insurance and what those charges are going to look like when you talk about lower interest rates you saw that impact the charge there and seeing that rise but it almost seems like maybe the worst is behind it for ge when you look at the last quarter, when you look at this quarter. >> well, the stock market seems to be saying that in price action but i think what's interest

>> in august congressman elijah culp ks spoke at the national press club and spoke about his upbringing in baltimore and said until he died he planned to work to ensure children have a better future. here are some of his remarks. [applause] we must also stop the hateful, incendiary comments. we got to do it. those in the highest levels of government must stop invoking fear, using racist language, and encouraging reprehensible behavior. it only creates more division among us and severely limits our ability to work together for the common good. as a country, we finally must say that enough is enough. that we are done with the hateful rhetoric, that we are done with the mass shootings, that we are done with the white supremacist domestic terrorists who are terrorizing our country and fighting against everything america stands for and everything that are phenomenal military has fought for. and when i am speaking of that -- [applause] >> i am reminded of a conversation that i had with my 10-year-old niece this weekend. she said, "uncle elijah, are they going to put us in cages? are they goin