i hear you have a good interview with bob wright.eil: very different from the days he was there. >> listen, here is one thing you can say about ge, it is, all these portfolios. it was once a massive company. neil: right. >> it has 115 billion in long-term debt. it has 30 billion in pension debt, unfunded pension liabilities. i don't want to put too much emphasize -- i'm going to mention lehman brothers but it is not quite there. this is a problem for the markets if this company does not, if this new ceo, larry culp doesn't figure it out. it is in too many portfolios for it to go to zero, for it not to have a major impact on the market. neil: hasn't been drastically reduced in a lot of portfolios? the dividend used to be the big lure. >> still out there. what happens when it was 17, people i don't want to sell at 17. then it is at 10. now i don't want to sell at 10. now it is eight. it was up a little bit yesterday. neil: days of jack welch or bob wright handling things, some of best executives of our era. what happened? >> jack welch

bob wright is here as g.e. s to tumble and the founder of peeble's corporation, don peebles weighs in as well. joining us now is bob drbul. thank you for joining us. what's the take on the trading desk, what's the take from investors this morning or over the last six months a year in terms of the idea that things are slowing down. >> generally what we're seeing from consumer spending is still pretty healthy. i think there's definitely concerns ons the future but when you look at how the retailers are managing the business in this -- the bleeped of physical and dig -- blend of physical and digital, it continues to evolve. many good retailers are navigating it well. walmart's one of the best, i think. maria: how has the retail story been this week? we had home depot, we had macy's, now we have walmart. >> i guess we focus on walmart for a second, we'll come back on the others. from walmart's -- 3.4% comp, this is a company if you go back a year or two, three years, people were always skeptical they could do what t

concern for investors as is leverage of the company they're trying to attack interesting listening to bob wright last hour talk about many of the poorly timed moves in terms of capital allocation that put ge in the current position mr. kulp made it cleep this is not something that will -- clear this is not something that will be overnight he expects it to be a successful move to right the balance sheet. >> david, thanks what a day of stock movement, of course, and your interview moving the story on that name immensely. david faber at ge headquarters in boston. >>> we take you to a live shot of the floor in nyc in honor of veteran's day. they're unveiling four plaques, honoring veterans of world war i, two, vietnam, and korea take alook >> an important moment as we honor veterans across the country today and as well here at the new york stock exchange >>> meanwhile, alibaba is setting a new sales day record its singles day record, annual shopping holiday, but shares of some are under pressure as growth rates stall at alibaba. we have the latest >> reporter: thanks, jon want to give context on the

earlier i had a chance to ask former nbc president and ceo bob wright about this very issue on fox business. >> you've been reading the battles this president has had with the press, wanting to take away jim acosta's press credentials. this network, fox, supports cnn and its legal efforts to hold on to them. how do you feel about the administration's war with, in this case, cnn, but the press in general? >> i wish it wasn't there. i think it's distracting. i do resent the fact that cnn spends about 40% of its time attacking the president in one form or another. there's nothing that he can do that is any good and anything he does that is good doesn't get a lot of coverage. so it's -- it's a shame. it's a shame. >> neil: in your days, running the network, you wouldn't have supported the president revoking a press pass. >> well -- >> neil: or would you? >> it depends. but the answer is no. you could suspend somebody. you'd say, okay. maybe you don't show up for the next one or something like that until you get your act together. >> neil: what do you think of jim acosta? you've seen him -- >> i

liz: when bob wright bought nbc or sorry, yeah, bought universal, he called sidney shineberg.lled lou wassermann's widow. just to be respectful. >> maybe this guy doesn't want to tip his hand because he's doing something dramatic. that's the other thing. one other thing that's kind of hanging over this stock, there's an s.e.c. and doj investigation similar to the one that's going on with tesla over accounting. difficult cases to prove, but you know, that weighs on the stock and who knows what that might do if you have a sale. so just all the things out there, this is -- you are getting to the level now where people start sniffing around. they're saying warren buffett starts saying hey, is there something there. liz: something there, there. >> i'm telling you, this is like buffett territory. >> okay. liz: charlie gasparino, thank you very much. when we come back, we'll have just a few minutes on this friday to see how this crazy day ends. dow is down 121. n independent fl advisor. it's our name on the door. we are accountable to our clients everyday. we have the freedom to buil

this morning talking to david neighborer from headquarters and joining us now is some reaction is bob wrighter ge vice chairman and former nbc universal ceo. did you catch the interview and did it inspire confidence after six weeks on the job not being shy about the problems. >> i thought he did a good job david had a great interview. it's a difficult thing to pull off and i can make a lot of comments on this if you want. >> that's why we have you on what about the cash and liquidity concerns >> liquidity, he's down playing it let me talk about liquidity. he doesn't want to talk about what happened. in the last two years. in '16 and '17 ge made decisions in hindsight that were wrong the power purchase at 23 bhld. they spent $4 billion to create an industrial software which is worth hardly anything. if somebody was watching the balance sheet better and i think trion has to look into this. if they get ticken out, they could have put $20 billion into the expect fund, which is underfunded. they could have put $15 million into the long-term care by buying reinsurance i'm not sure what the price w

neil: bob wright, of course, the former vice president of nbc universal, he was weighing in yesterdaywant you to react to this. you and jack welch and and a team that was considered like a wharton dream team, what happened? >> somehow or other we lost our -- i say "our," because i never can quite get past it. just lost our bearing in dealing with the balance sheet. and those insurance reliabilities should have been dealt with. neil: you know, and then he went after jeff immelt which was the more sexy quote. i don't mean to second guess you guys, but it was interesting -- >> what'd he say? neil: well, would have, should have, could have. now i'm wondering the that's the case. it doesn't do any good pointing fingers, but i do wonder about what happened to ge. >> well, i find it interesting that buffett's not buying at the low, just from my standpoint. because he's usually the guy when everybody else is scared -- neil: that's right. >> -- he's in. he must not like what's still on the balance sheet and what these guys have to do. you know, i was talking with bob before, before he went on,

ashley: this morning maria bartiromo sat down with ge chairman bob wright and here's his take on thet's a great choice and i think this is a perfect earth than to take on the situation. he has a smaller company. he did some odd 30 acquisitions in the 14 year. it's a one-time hit. he did the money but you have creditors that want that money. if you sell something how he will cover pension accreditors but really his trick is he has to get the top rated as mrs. working very well. -- businesses working very well. welcome to the place where people go to learn about their medicare options before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! it's also a great time to learn about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. here's why...medicare part b doesn't pay for everything. this part is up to you. a medicare supplement plan helps pay for some of what medicare doesn't. call unitedhealthcare insurance company or go online for your free decision guide about the only medicare supplemen