and now we have dave calhoun currency. it was also a ge guy. so this influence has been there for years. there's this description in the book. i'll just read it ge was an american institution. it had pioneered inventions that dramatically improved living standards the light bulb the x-ray machine the diesel electric locomotive. the refrigerator the people who worked in its factories and labs and their in river towns and industrial birds around the country thought of themselves as family. welsh was telling investors, he wouldn't flinch from the hard decisions to jettison them. whatever the human or political cost. and actually after he took over within the next five years, he laid off a quarter of the ge staff and got the nickname neutron jack. this was the era of ceos of corporate america being lionized on the cover of fortune magazine. and jack welch was the absolute top of the pile. so can you talk for a little bit about how ge had such influence over corporate america generally and boeing specifically. yeah, i mean at the time. he was consid

phil >> david, boeing dropping 10k this morning and essentially formalizing what ceo dave calhoun had, remember, the company still has not figured out exactly when it's going to resume deliveries of the 787 dreamliner. because of that dave calhoun said last week weexpect negative operating cash flow in the first quarter. in the 10k today, boeing formalizing that, saying we expect negative operating cash flows in future quarters until deliveries begin to return to historical levels. we may need to obtain additional financing in order to fund or operations and obligations stock not really moving on this. again, this is formalizing what dave calhoun said during the conference call last week, but the fact that they say quarters there makes you wonder if they believe that they may have negative operating cash flow beyond the first quarter again, guys, so much is tied into when do they resume deliveries of the 787 dreamliner guys, back to you? >> that's the key question meantime, stock is trading higher, phil we had these headlines and reports over the weekend that boeing is preparing to la

leaves from the fed >>> plus a wider than expected loss and big revenue miss for boeing the ceo dave calhoun will join us and break down the quarter. >>> shares of at&t seem to be rallying a bit ahead of the open the ceo john stanky talks with me about the warner media deal, the quarter, of course, and the future for wireless. >>> and start with the overall market this morning. we mentioned the strategists out with some bullish notes out of goldman, citi, jpm, it's across the board. >> i think we're cynical and t therefore we think they can't be right. these are people who have called it right i'm reluctant to say you know what a bunch of penguins on the upside they've been telling you to be careful. if they tell you to be careful, maybe they're interesting. i have no problem with that. that's pretty good. >> you're happy with that? you're okay? >> well, i mean, it's not like said the whole way down and double down. these are strategists who were correctly calling and saying, you know, this is not -- you know, it's an unsustainable decline. it'll happen now they're saying it's not going to k

don't forget we're going to be talking exclusively with dave calhoun coming up on squawk on the street0 a.m. this morning you don't want to miss what he has to say, but that's the bottom line, guys. you have some massive charges in here, which is why you see the company losing $7.69 per share in the fourth quarter when the street was expecting a loss of just 42 cents per share. we should point out on the 737 max they did increase production as expected in the fourth quarter going from 19 per month in the third quarter up to 26 per month in the fourth quarter, and they say they're on track to hit 31 per month as expected some time early this year. guys, back to you. >> the street obviously digesting this news. right now the stock is off by about 1.3% now it's down by just half a percent. dow had been been up about 400 points because microsoft has given a significant boost to thing. we'll see how the market continues to shakeout. as we're sitting here watching it just turned positive. does it sound like a kitchen sink kind of quarter >> ng i so to a large extent and the important thing h

ceo dave calhoun said they made progress and optimistic but omicron has paused the industry's recovery>>> strong comments on price aring help push corning shares to their biggest one-day gain in eight years, the stock up 13% after the company predicted glass supplies will be tight this year and pricing for its products will improve throughout 2022 >>> rising costs hurting profits at kimberly-clark, quarterly results topped estimates but earnings guidance form the year well below forecast. the company expects gradual margin improvement later in the year >>> and new home sales shot up nearly 12% last month to their highest levels since february. at the same time, the median home price fell below $378,000, that's the lowest in six months. carl, i'll send it back to you >> rahel, thank you very much. >>> let's get back to the rally this morning, nasdaq's almost 2% but still more than 14% off the record high as you know. our next guest says buy the sell-off, bullish on microsoft, alphabet and meta. joining us matrix asset adviser cio david katz great to see you again good morning >> nice to