they're going to be working with people like ge/baker hughes, and they're going to be buying, you knowels per day. and we're going to be packaging the analytics and the equipment and the services together. and in that world, the analytics -- look, we can do a forward lean on production because we know the analytics better than anybody in the world knows. and this is going to be highly disruptive in the oil field service space. >> let's go back again to this watson issue. you're reducing the cost of health care. you partnered with ucsf which is an amazing medical complex. how can you box out others? watson -- ibm said to me over and over again, you must own the health care space. it's one of your faster growers. >> jimmy, ge products take 45 million images a day. a day! ibm doesn't have that, really. we have connections with every radiologist around the world. so the industrial internet is going to break very differently than the consumer internet or the enterprise internet. there's going to be more computing at the edge. you're going to have to differentiate stanford. look, stanford, u

baker hughes is a smart deal. like the way we're performing. >> are you hearing from shareholders who are saying this is supposed to be a breakout year and you didn't make the numbers? all the industrials are screaming and ours is down 6%. >> look, jim, in 2015, we were up almost 30%. the xli was flat. last year we were up 4%. the xlis did better. my expectation by the time it's all written in 2017, we're going to have a really strong year, a really good year. >> do you need to make changes? loek mowtive is down. do you want to stay in that business? >> we've earned more in this cycle than we did in peak years five or six years ago. so this is a business that's performing very well, and we think continues to be a strong part -- >> you're very confident now. the projections, which are very strong for 2017, not an issue even though some of these analysts are saying that the quarter's already started off weak. i don't know how they know that. >> i don't see it that way. i think this -- really, 2017, when you think ab

crude rigs, the latest baker hughes numbers showing that. shery: i'm taking a look at gold.e are normally seeing the dollar lead the way for the metal, but now we may see a reversal. take a look at my chart. i'm looking at my cold getting past that 1220 technical level, and if that happens, gold investors take their cues from the dollar. now it is gold may be signaling where the dollar is headed, historical correlation showing the dollar could extend. ,he bloomberg dollar spot index the longest losing streak since august 2010, so a forecast, something to look ahead to as you see gold continuing to search, but for now, let's check markets and play in the asia-pacific. asian stocks, the regional thehmark gaining ground, nikkei paring back some of those earlier gains, the japanese yen gaining a bit of momentum. the asx 200's down a little bit, and the hang seng on its lunch frank, but in the morning session gained .6%. we have trading in the middle east coming up, so what you watching? two hours away from the start of the trading day in dubai and abu dhabi. some downside pressu

david, i ask you this like i ask you with halliburton baker hughes, what kind of lawyer says, you knowe're going to green light this other than a lawyer that says, you know what, this could be the biggest payday for our company ever. lawyers being companies. >> i think, listen, people of serious purpose look at these things and make a lot of arguments as to why they should have been allowed. certainly aetna, humana, there were people not just lawyers who thought at least it's got a shot. it depended how you define the medicare advantage market. >> right. >> versus medicare. >> this is not time warner. >> and joe sweeney, the ceo, maybe he'll join us at some point soon, going to put pressure on him to deliver even if they appeal that this deal is dead. >> just not the place to be. by the way, the drugs, again, biotech will move up because people feel the larry fink view. i had brent saunders on last night, allergan, that's the best story in the large pharma. by far. it's the fastest grower with one of the lower multiples in the group, agn. it blew up because of pfizer. brent saunders by

will be acquired by what is going to be the combined company coming out of general electric and baker hughes when that's put together. i want you to file that information away, but i bet it happens. after the close, disney reports, and here's a stock that's been levitating ever since ceo bob iger pretty much called the bottom on that last quarterly conference call when he said he wasn't all that concerned anymore about the decline in subscribers at espn. the stock's rallied so much now since then that frankly i think it is vulnerable to any sign that iger should have been more concerned, but disney's movie slate and theme parks make the stock worth owning if it gets hammered. we also hear from pioneer natural resources which has been the most aggressive accumulator of assets in the permian base in, a very aggressive seller of common stock to pay for the stuff. i think this company will talk about how it can make fortunes at $50 oil, and if crude goes higher, it will be not but gravy. i like pioneer. we get results from allergan on wednesday morning, agn. and this stock's been on a total tear

hard hit oil and gas is merging with baker hughes.ve seen better margins, growing services orders. analysts say so far free cash low lags peers. guidance was lowered last fall. to be fair the entire sector is i'm merging from recession and analysts say ge's well positionposition ed as the conditions improve. it should be a profit power house by 2018 and the big bet on tech while still small leads a huge trend for this sector. this is a giant corporate makeover. it is likely to mark the final chapter in immelt's 15-plus year tenure which included the 9/11 terrorist attack, tech bubble and the financial crisis. ge's trading at just under $30 a share, $29 a share. it's up 14% since april 2015. but a woeful underperformer since 2001. down about 27%. however, it is up about 5% if you include giin dividends. can immelt pull this off and carve a leg gs acy he's going t retire on in the coming years. >> thank you. josh, you've been a long advocate for this stock. are you still out six months? >> yeah. i like it. when it dips under 30 is when

we had ge, baker hughes, and a couple of others recently announced. about 28 billion. you are right there was not a lot of mega headline deals that you see. the bid ask price spread with oil prices being low and the volatility and certain he around a lot of things driving it, was the excess supply coming off the market, why should i excel now if a you are the accelerator at what may be the lowest point in history. the spread caused a lot of deals not to happen. >> to you feel like ideals were lacking in 2000 seen? do you think we will see energy ipo's is this year? >> i think there are huge -- there is huge and up demand for ipo's. there were quite a few issuances are not -- but -- by public companies in the equity market. a little bit of confidence there. interest did not happen. there is a lot of pent-up demand and the investor community is very much interest in oil and gas. >> esp or you feel like the barrel of oil has fallen low. you can write the company up when they go public. >> and if you look at the sector, it is a good dividend yield market. at big oil compan

the market is excited about t on the other hand we did get news from baker hughes on recounts, saw themo up again eight this week out of the last 15 weeks and up about 10% in january alone. remember, shale could be the tipping point here and there are still bears on the street that say it will be if crude prices continue to be a few more dollars higher and we start pumping out more oil. we'll have to wait and see and watch this closely. but we're at the very high end of the most recent range. >> your next guest manages several five-star rated funds, all of them seeing stellar gains, up 70% over the past year. managing director. we talked to you, what was it, last year when oil was in the 20s. now it's a much different picture. in terms of investing that, low-hanging fruit was taken in terms of big moves on energy stock. >> yeah. >> so what's left here? >> command for crude oil was going to fall, that's what the traditional playbook said. but we knew we didn't have a command problem. we actually had a supply problem. too much crude oil in the world. that's what was causing oil prices to

baker hughes reported 17 oil rigs here in the united states to 583 total. that's the highest that we've seen since october of 2015. it's up from 116 at this time last year as well. oil prices are still trading a little bit higher here. 53.79 at this point. the support is coming from the talk about the iran sanctions. when the oil market hears that, they tend to take a step back and want a little bit more information. it could be worse than this, but it's not. i will say, this is the third weekly gain that oil is on track for. looks like we'll finish up about 1% for the week. back to you. >> thank you so much, jackie. could one of america's most iconic department stores soon go the way of the mounties? the latest on hudson bay's reported takeover bid of macy's. >>> what new england patriots owner robert kraft has everyone in the cnbc newsroom talking about today. stick around to find out. ty iryo 'whi e e tr d i t aboutra. id*ere de on tmarked ty iryo 'whi e e tr d i t aboutra. fo thas get f erra wow't. bis veryt itpsveme mobileevenenov on a perfect car, the

. >> samsunk has done fantastic, and video, related, and -- >> all right, second stock is baker hughso neutral, the analyst says the recently sell off created a buying opportunity. there's upside opportunities associated with the u.s. spendsing cycle seeing more drilling here. synergies from a recent merger and growth opportunities that koulds result of a partnership with the diversitied field services company. you see the stock is higher by two-thirds percent. >> the selloff is the market's stall. look at the longer chart, it's a run. >> i wonder if the border adjustment tax has anything to do with it? >> not refining as much. >> no, no. >> could potentially. >> oil is close to rebounding over the last 24 hours as well. downgrading the stock from neutral from buy. the stock's valuation says while they are still fairly positive on panera success long term fundamenta fundamentals, they recommend take a force from the stock, of course, off the back of earnings yesterday and strong runup in the price yesterday as you see from the chart, one year up 25%. >> the new 52-week high in today's

five of the most heavily weighted stocks here, guys, interestingly enough, micron, baker hughes, dow,s here, range in performance over the last year from 25% up to more than doubling for micron. for each of these stocks they've all outperformed the s&p 500 in that same time. at least the top five have. if you got more questions about the methodology, how the index works, go to cnbc.com/iq100 for a list of how we come up with these stocks at m-cam. next hour, through the most heavily weighted stock and why that's up there this time. back to you. >> we look forward to that, dom. trading nation, traders do trade better together. trading tesla because goldman sachs is telling shareholders to sell tesla. reconcerns about the upcoming model three rollout, unproven solar business and constant cash needs. rich ross and stacey gilbert are your trading nation team today. stacey at susquehanna, do you have a view on tesla and does it jive with what goldman is saying, to quote jim cramer, sell, sell, sell? >> if we look to how analysts break this down between your bulls, bears and sitting on the

earlier today baker hughs announced the latest oil recount went higher by six rigs. that would make it the fifth straight week to added oil rigs. >> dom, thank you. >>> keep an eye on oil prices. 45 minutes to go. dow's down 35. the transports are higher by four or five points. the nasdaq is also higher. you can see the dow is pretty evenly split. >> united health care dragging down the dow today after the justice department joined a lawsuit over medicare advantage. that's a billing issue. up next, we'll look at the potential fallout for united health. >>> president trump touting job creation at boeing's plant in south carolina. we'll bring you the highlights. that's still to come on the "closing bell." uh, yeah. it's over, larry. what is? the whole wheelie thing. what do you mean? i just got this baby to get around the plant floor. right, but now ge technology monitors every machine. yeah, it brings massive amounts of information right to you. so you don't need that. well, it makes me look young and uh..."with it." time to move on. oh i'll move on... right into the

hard-hit oil and gas division merging with baker hughes. margins growing, service orders growing.e cash flow lags. missed 10 of past 13 quarters. guidance was lowered past fall. emerging from an industrial recession and ge is well positioned as those conditions improve. the austin power business should be a profit powerhouse by 2018. and we've got that big bet on tech. 3d printing still small but leading a huge trend. 65% of the revenues inherited by immelt have been divested, and will likely mark his tenure which started before the 9/11 attack. ge trading at 29 a share. but down 27% since he took the helm in 2001 or up 5%, including dividends, versus the dow's 104% surge. the question now, can immelt pull all this off and actually carve out a legacy that he is willing to retire on? we'll have to see. >> meantime this is a big one, morgan. jeff immelt will be on jim tonight, a big-time interview 6:00 pm on "mad money." they'll talk about this whole restructuring that morgan just told you about. cannot miss that. 6:00 pm tonight. >>> jackie deangelis joins us from arkansas where ab

halliburton-baker hughes, hey, lawyers say it's fine.re do you get lawyers that say everything's fine, right? >> right. >> how about the qualcomm nxpi. >> apple claims it's a commercial dispute where apple is trying to pay less. >> i thought it was funny they said apple thinks we're a bully, we're like nobody. >> right. apple's the largest company in the world and they're beating on us as they do on all their suppliers and that's what this is about. >> well, that's what the cirrus -- one of the things you go through. there's a great chart in the cirrus logic list of their customers and it has a little craft paper box, international paper on tonight on "mad money," that just says number one client. because you're not allowed to say who it is. number one client. it's a little box with craft paper. i don't know. >> as we're talking, the president's speaking at the national prayer breakfast and i'm quoting here, the world's in trouble but we're going to straighten it oult, okay, that's what i do. i fix things, believe me. when you hear about

in about half an hour, baker hughes rig count.ere's the s&p at the bottom of the screen, at the big board, producers and cast members of "billions" on showtime, premiere of the second season. at the nasdaq vh1 celebrating premiere of its series "the breaks." >> thought it was interesting we did mention this to david earlier that on word that kraft heinz finally came out and said they had made a proposal to combine with unilever, kraft heinz shares shot up and it's notable because that would be the acquirer and now we learned about a $143 billion deal as unilever confirmed. unilever told its shareholders to do nothing and it does not correctly value the company and it doesn't make sense strategically though clearly the stocks are on the move. there's unilever shares up almost 11%. and the move in kraft, david, interesting because this week kraft had its worst day ever since actually combining back in 2015 because it had a weak quarter. >> right. >> and it's failed to show top line growth as these cost cuts continue under the 3g mod

in addition, on the bottom tier, we have the baker hughes rig, while one story that could be weighingising baker rig count. historically, you can see it's very, very kilo. so this chart made be more bullish than not. on the engineer: a lot going on. thank you, abigail. et's dive deeper into nat gas. the weather has been relatively warm, keeping demand at bay, keeping us comfortable. joining us now is a nat gas analyst with soc gen. we just saw the chart from abigail. there's a short-term trend, which is volatility, and there's a longer term trend. what do we want to pay attention to? >> there's a few beautiful things about the natural gas market, and i might be biased, of course, but the first and probably foremost is it is one of the most weather-volatile commods. two of the biggest segments for natural gas are space heating, so when it gets cold, turn on the heater in your home, and power generation. when it gets hot, you want to turn on your air conditioning. so naturally the natural gas market is very vulnerable to weather volatility, and as us in the northeast can definitely atte

we got lost in the political shuffle -- i'm looking at the baker hughes oil and gas rig count.ast week to its highest since november of 2016. oklahoma attorney general scott pruitt has been confirmed by the senate to serve as epa administrator. the vote was 52-46. it came a day after a federal the obama attorney general's office must turn over thousands of emails related to uitt's communications with fuel companies. tony blair is urging opponents of brexit to fight to keep the u.k. in the european union. mr. blair spoke today at bloomberg's european headquarters in london. >> the people voted without knowledge of the terms of brexit. as these terms become clear, it is their right to change their mind. themission is to dissuade -- persuade them to do so. accused theresa may's government of having a policy of brexit at any cost. north korea will categorically reject the result of the autopsy of kim jong-iun's brother. militia conducted the autopsy unilaterally and prevented the north from attending. -- malaysia conducted getups unilaterally. -- conducted the autopsy unilaterally.

republican senators like howard baker, hugh scott and bob dole rose above politics during the watergate, iran-contra and whitewater scandals to demand the truth, and i am very hopeful that my republican colleagues on the other side will follow in that grand tradition. i'm very hopeful that the other side wants to get at all the facts, just as our side wants to get at all the facts. mr. president, i disagree with my friends on the other side of the aisle often on a number of issues. often we disagree vociferously, but i have never once doubted their patriotism. this is an issue on which patriotism must prevail over politics, because before we are democrats or republicans, we are americans with respect for rule of law. and i have a hope and a faith that these reports and revelations will not pit the two parties against one another, that they will unite the parties in pursuit of the full truth. mr. president, i yield the floor. the presiding officer: under the previous order, the leadership time is reserved. morning business is closed. under the previous order, the senate will proceed to e