this could be a day for g.e. and one of the reasons why it is so hard to get negative on g.e. when you have g.e. saying the right things, and whirlpool saying the right things and honeywell saying the right things because it is a broad plan p panopoly of areas. >> and jim, this the largest equity funds here and today, there is a report titled "usa, usa!" because of the money coming back to stock, and i don't know if it is a material trend or not. >> when you look at the railroads, tremendous commerce pushing it burk just as important to not overlook the transports all-tile high, and they signaled that the united states is stronger than the i believe the rest of the world. if you put money in europe, and it is bottoming, maybe it is, and i believe it is. asia pacific is declining and latin america is difficult, and our country is doing better than expected but it is a pock on the other houses than we are doing so great. >> and the 16-month high on the crude, and whether or not the dow theorists could be happy here. >> they should be. by the way, it is the airlines at the top of

he's been a bit tense since we found that i'm up for the g.e. chairmanship. that's why i'm here. i got a call from some lawyer today who was asking me what kind of boss you are, and who long i've known you, and what animal best describes you. what did you say? an eagle with the head of a bear. thank you. your respect means the world to me, lemon. i can't believe it's starting already. what is? g.e. is vetting me. they're trying to see if i have any skeletons in my closet. it's what they do with all the presidential candidates. do you think they'll find anything? oh, yeah. i've done some things, lemon. that's why i hired a private investigator to look into my own background.

aig and g.e. capital are joining the list of firms that need more regulatory oversight. the two join large banks that the treasury department calls "systemically important" to the economy. the companies are now subject to extra supervision from the federal reserve. aig and g.e. are not at risk, but could cause major financial damage in the event of a collapse. apple is guilty of price- fixing. a federal judge found "compelling evidence" that apple conspired with five major publishers to raise the retail price of e-books. the judge set a trial for damages, which could total several hundred million dollars. apple plans to appeal and claims that it did nothing wrong and brought more choice to consumers. shares have been falling and closed lower wednesday. hedge funds will now be able to make a pitch to the general public for the first time. the sec voted to lift a ban that has been around for decades that stopped hedge funds from mass-marketing investments. the firms, however, will only be allowed to cater to clients with a net worth of $1 million or annual income of $200,0

in two thousand and eight g.e. crops required over twenty six percent more pounds of pesticides per acre than acres planted to conventional varieties. and i can generic this kind of a distraction i think and it's misleading i think we need to look at research that's going to reduce application of synthetic chemicals so developing resistance to application of a chemical i think is the last thing we should be doing really honestly. they all told me my language as well but i will only react to situations i have read the reports and let the players know i will be back stateside to comment on your latter point i say. mr carey yeah a car is on a dock you know. they go no more weasel words when you vain a direct question be prepared for a chase when you throw a punch be ready for a battle freedom of speech means little down to freedom to cost. zach what happened that day i don't know but a woman got killed. piers later is when i got arrested for. for a crime i did not do. we have numerous cases where police officers lie a

he's been a bit tense since we found that i'm up for the g.e. chairmanship.eah, that's why i'm here. i got a call from some lawyer today who was asking me what kind of boss you are, and who long i've known you, and what animal best describes you. what did you say? an eagle with the head of a bear. thank you. your respect means the world to me, lemon. i can't believe it's starting already. what is? g.e. is vetting me. they're trying to see if i have any skeletons in my closet. it's what they do with all the presidential candidates. do you think they'll find anything? oh, yeah. i've done some things, lemon. that's why i hired a private investigator

in two thousand and eight g.e. crops required over twenty six percent more pounds of pesticides per acre than acres planted to conventional varieties. you know you can generic this kind of a distraction i think and it's misleading i think we need to look at research that's going to reduce application of synthetic chemicals so developing resistance to application of a chemical i think is the last thing we should be doing really honestly. i'm most interested in the medical situation. then me through thick did a little. cold. in this city and things later than the other states i didn't. speak the language. programs and documentaries in arabic it's all here on the. reporting from the world's hot spots seventy ip interviews intriguing story for you. slim try. to find out more visit our big t.v. show it's called. live. live live. live . right to see. first street. and i think the church. on a reporter's. instrument. would be in the mold of. so many americans still have the almost cult like belief that america is the grea

in two thousand and eight g.e. crops required over twenty six percent more pounds of pesticides per acre than acres planted to conventional varieties. and i can generic this kind of a distraction i think and it's misleading i think we need to look at research that's going to reduce application of synthetic chemicals so developing resistance to application of a chemical i think is the last thing we should be doing really honestly. what drives american foreign policy values are merely interest washing claims it supports democracy as a universal value that makes a glaring exceptions when it suits its geo political purposes show what about the new conservative agenda. is it the genetic code the packs of marathons. exactly what happened that day i don't know but a woman killed. piers later is when i got arrested for. for a crime i did not do. we have numerous cases where police officers lie about polygraph results. innocent people to confess to police officers don't beat people anymore i mean it just doesn't happen real

in two thousand and eight g.e. crops required over twenty six percent more pounds of pesticides per acre than acres planted to conventional varieties. and i can generic this kind of a distraction i think and it's misleading i think we need to look at research that's going to reduce application of synthetic chemicals so developing resistance to application of a chemical i think is the last thing we should be doing really honestly. wealthy british style it's time to. get. market why not. find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines two kinds a report. more news today. these are the images the world has been seeing from the streets of canada. and china corporations are today. mission free cretaceous free in-store charge of free. arrangement free. three stooges free. old free broadcast cloning video for your media projects a free media oh don carty don tom. some of these traditional chili lines they've been bred and developed and pa

in two thousand and eight g.e. crops required over twenty six percent more pounds of pesticides per acre than acres planted to conventional varieties. you know you can generic this kind of a distraction i think and it's misleading i think we need to look at research that's going to reduce application of synthetic chemicals so developing resistance to application of a chemical i think is the last thing we should be doing really honestly. apple for example much of its manufacturing is dying on in the united states so i don't see why the american senators would be so concerned about it paying or not paying taxes because ultimately it's not going to get any share of that and that's happening already in the. course we're talking here about how do you share the taxes provided there are tax is a problem today there's nothing to share because we have created these rigi where these companies don't pay tax. i would rather question should people be busy he's a follower instead of speaking on their behalf and that's why you ca

in two thousand and eight g.e. crops required over twenty six percent more pounds of pesticides per acre than acres planted to conventional varieties. you know you can generic this kind of a distraction i think and it's misleading i think we need to look at research that's going to reduce application of synthetic chemicals so developing resistance to application of a chemical i think is the last thing we should be doing really honestly. live. live live. live . wealthy british. it's time to go to the front. of the. market. find out what's really happening to the global economy for a no holds barred look at the global financial headlines to the reports on our. interview. downcast and dejected edward snowden rethink his plans in the face of intense u.s. pressure a lawyer involved in the case says the whistleblower could remain in russia. scaring the scots the british government goes on the p.r. offensive telling scottish voters their independence could cost them a seat with problems ranging from lower salaries to larg

in two thousand and eight g.e. crops required over twenty six percent more pounds of pesticides per acre than acres planted to conventional varieties. you know you can generic this kind of a distraction i think and it's misleading i think we need to look at research that's going to reduce application of synthetic chemicals so developing resistance to application of a chemical i think is the last thing we should be doing really honestly. when the greats stayed blind to what is happening in their country. the american dream is disappearing. the houses with gardens are laid out the poor are left hopeless. the streets are full of angry crowds that are fighting against. the high school who stole the american dream and. political. culture that. really live. the speed. limits good. luck. interests. and. how to. run a little. hole but i will only react to situations i have read the reports. for years and know i will leave them to the state department to comment on your play of the month to say that it's if. a car is on the

in two thousand and eight g.e. crops required over twenty six percent more pounds of pesticides per acre than acres planted to conventional varieties. and i can generic this kind of a distraction i think and it's misleading i think we need to look at research that's going to reduce application of synthetic chemicals so developing resistance to application of a chemical i think is the last thing we should be doing really honestly. i've seen the perceptions across many times it doesn't matter if there's snow a heat wave or hail storms people keep on going i don't expect anything i just lie . and i told myself i keep on going as long as my heart told me to that's all i want to at the moment. i have said so mind she see i'm carrying these sayings on my shoulder. do you want me to put a bandage shared no that's fine a lot of people were so exhausted they could barely walk their feet hurt and some of them fainted google great evacuee three to wanted to keep going i don't know what tomorrow will bring. a week of nationwid

they should pay taxes g.e. pays no taxes why is that these these companies are paying negative tax rates while it's in my in my opinion is in part because just because or you know it's because g.e. . sucks up to obama and they're there they're part of his. supporters i don't disagree and it's not just obama it's republicans democrats well i think it's because the supreme court has said money is speech and corporations are people in these are the doctrines of your money is speech it's not it's money is money it's in my pocket it's not talking it's just something that my money talks i don't know about yours you and you and what's his name the names are going to be yes walks around mitch mcconnell by the way just a quick one here the jim de mint who runs the the heritage foundation also runs the senate conservatives fund which is a super pac and he told the washington post yesterday mitch mcconnell just got a an opponent for his race to be the secretary of state in kentucky alison grimes grams is going to run agai

in two thousand and eight g.e. crops required over twenty six percent more pounds of pesticides per acre than acres planted to conventional varieties. and i can generic this kind of a distraction i think and it's misleading i think we need to look at research that's going to reduce application of synthetic chemicals so developing resistance to application of a chemical i think is the last thing we should be doing really honestly. download the official application so choose your language stream quality and enjoy your favorites. if you are away from your. liberation of the girl it just doesn't work so now with your mobile device you can watch on t.v. anytime anywhere. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom hartman welcome to the big picture. here is mitt romney trying to figure out the name of that thing that we americans call a dolla

delivery of services yes let's talk about some of these large corporations we have a corporation like g.e. for instance that is intimately tied to the government in many ways and they derive a lot of their revenue from the government but then you have other business models such as apple or google especially in the taxpayer where they really innovate new products and they're not as heavily reliant on the government itself do you see a distinction there in terms of what you would call the leadership or the the management style. well there's no question that there are some areas where there is real leadership in the old capitalist sense that there are people inventing things and making things and i suppose the high tech area the communications area is probably the that and some of the medical areas are are the big examples of breakthroughs whereas you have other areas where you know today i mean i was just to get some numbers and and i think a third of the people with top secret. clearance in the united states don't work for the government and that's true it's absolutely amazing i mean so th

consider public sector entities ok and would let's extend that a little bit a lot of corporations like g.e. lockheed martin derive a significant part of their income from government contracts so would it be i mean could we extend this definition of government to include maybe fortune fifty fortune one hundred fortune five hundred companies as well. you know you could you can define anything you want personally i would not do that because they're not under the same regulatory environment that banks are in they're not government chartered the way banks are yes they have corporations and they're granted a limited liability which is extremely important most of these corporations would be very different without it which is a government protection and so in essence the government certainly entitled to rig regulate them for public purpose in exchange for that but i'd say it's a whole load of magnitude different from the banking system ok and let me ask you. you know give me the back the government accepts bank deposits for payment taxes it does not accept liabilities from general electric or pay

let's talk about some of these large corporations we have a corporation like g.e. for instance that is intimately tied to the government in many ways and they derive a lot of their revenue from the government but then you have other business models such as apple or google especially in the taxpayer where they really innovate new products and they're not as heavily reliant on the government itself do you see a distinction there in terms of what you would call the leadership or the the management style where there's no question that there are some areas where there is real leadership in the old capital a sense that there are people inventing things and making things and i suppose the high tech area of the communications area is probably the that in some of the medical areas or are the big examples of breakthroughs whereas you have other areas where you know today i mean i was just to get some numbers and and i think a third of the people with top secret. clearance in the united states don't work for the government that's true it's absolutely amazing i mean so that yo

and twelve campaign cycle and wells fargo spent one point seven million dollars and here's the amount g.e. should have paid and should have paid if they were paying the thirty five percent tax rate now not only did these companies not pay and pay much lower they actually paid negative tax rates between two thousand and eight and two thousand and ten you can see that in the yellow they were paid by the government as a reverse tax and this is a regressive corporate tax system where these large companies can pay more and get these tax breaks were smaller businesses can't afford that so it seems like campaign turn to contributions are mostly for these financial commitment. yes that's true more than seventy percent of the money spent is on members leadership of the house in the senate as well as the senate finance committee members of the house ways and means committee members and the top five. beneficiaries from the thirty corporations that paid no taxes between two thousand and eight and ten are steady why are john boehner eric cantor boy blunt and mitch mcconnell sounds like a few familiar

matter how you eat well absolutely it's fifty percent of absolute belief is fifty percent of it she g.e. differently as you age no i don't think so not really no if you maintain a healthy diet you like michelle obama's let's move campaign actually was there to help kick that off chefs move to school campaign because of being a chef and we kick that off and i think michelle obama you know i have to give her . a lot of respect to the fact that she has done more for gannett farming and organic food and nutrition in this country than any other administration you from mississippi which has the highest obesity absolutely r k i must state a struggling poorest absolutely is thirty five percent and it is the poorest and i will in we go back to that because really it is about low income you talk about food deserts you know and that's you know it's not necessarily state by state it's there's populations in all widespread parts of the united states that have food deserts and it's low income it's lack of education lack of access and that's that really causes a lot of the epidemic that we have going

that the public sector entities ok and would let's extend that a little bit a lot of corporations like g.e. lockheed martin derive a significant part of their income from government contracts so would it be i mean can we extend this definition of government to include maybe fortune fifty fortune one hundred fortune five hundred companies as well. you know you could you can define anything you want personally i would not do that because they're not under the same regulatory environment that a banks are in they're not government chartered the way banks are yes they have corporations and they're granted a limited liability which is extremely important most of these corporations would be very different without it which is a government protection and so in that sense the government certainly entitled to rig regulate them for public purpose in exchange for that but i'd say it's a whole order of magnitude different from the banking system ok and let me ask you . you know the back the government accepts bank deposits for payment taxes it does not accept liabilities from general electric for pay no

and here's the amount g.e. should have paid and should have paid if they were paying the thirty five percent tax rate now not only did these companies not pay and pay much lower they actually paid negative tax rates between two thousand and eight and two thousand and ten you can see that in the yellow they were paid by the government as a reverse tax this is a regressive corporate tax system where these large companies can pay more and get these tax breaks where smaller businesses can't afford that so it seems like these can train campaign contributions are mostly for these financial committee members and if that's true more than seventy percent of the money spent is on members leadership of the house in the senate as well as the senate finance committee members of the house ways and means committee members and the top five. beneficiaries from the thirty corporations that paid no taxes between two thousand and eight and ten are steady why are john boehner eric cantor boy blunt and mitch mcconnell sounds like a

matter how you eat well absolutely it's fifty percent of absolute believe is fifty percent of it she g.e. differently as you age no i don't think so not really no if you maintain a healthy diet you like michelle obama's let's move campaign actually was there to help her kick that off chefs move to school campaign because of being a chef and we kick that off and i think michelle obama you know i have to give her . a lot of respect to the fact that she has done more for gannett farming and organic food and nutrition in this country than any other ministration you from mississippi which has the highest obesity absolutely r k i must state a struggling poorest absolutely is thirty five percent and it is the poorest and i will in we go back to that because really it is about low income you talk about food deserts you know and that's you know it's not necessarily state by state it's there's populations in all widespread parts of the united states that have food deserts and it's low income it's lack of education lack of access and that's that really causes a lot of the epidemic that we have goin

wearing it as well yes let's get to our first story in fact we only have one story today we talked about g.e. being named these systemic lee important financial institutions in other words too big to fail this means they come under greater regulatory scrutiny and have to submit a living will and this means if they get into trouble they get taken out well there are more of these cities coming and scary let's take out the financial requirement from this rachel and brought in the field who would you like to be named too big to fail and possibly forced to break up well i think that's an interesting question and before we go on i just want to say that being called too big to fail and having to produce these living wills doesn't necessarily make us as consumers or citizens any safer and that being said as long as we have that coffee out there i do want to say that i would say a lot of these information technology companies like for instance definitely tech something like google you know not only do they have control over google docs so anytime i'm writing something or trying to have tons of inform

g.e. conduct, too. i think that's the opportunity. this is the very strong part of the market. you've just got to get it right. no, that's it? and that, ladies and gentlemen, is the conclusion of the lightning round. >>> petro, yeah, that's the one twice today. brazil. this, i don't know, is just a really good beer and no, i'm not talking about a brazilian company. that chose to run gisele foodage, although that is an added bonus ♪ >> my daughter and i snapped -- >> i don't know what you're talking about. >> it's hard to tell. when they're not jersey tomatoes. clearly not jersey tomatoes. where the real people go to shop. but for many of the wall street analysts who live right here, they don't have a clue about what happens here, west of the hudson. maybe some went there, too. i feel like a melon head. because then i have to clean it up later. you know i do all the clean-up here, too. ♪ ♪ where will it send me... one call to hoveround and you'll be singing too! pick up the phone and call hoveround, the premier power chair. hoveround makes it easier than any other power chair. h

ken abbott has worked for shell and g.e., and in 2008 he was hired by bp to manage thousands of engineeringrawings for the atlantis platform. >> they serve as blueprints and also as a operator manual, if you will, on how to make this thing work, and more importantly, how to shut it down in an emergency. >> but abbott says that he found that 89% of those critical drawings had not been inspected and approved by bp engineers. even worse, he says 95% of the underwater welding plans had never been approved either. are these welding procedures supposed to be approved in the paperwork before the welds are done? >> absolutely. yeah. they're critical. >> critical? >> critical. >> abbott's charges are backed up by bp internal emails. in 2008, bp manager barry duff wrote that the lack of approved drawings could result in... duff called the practice fundamentally wrong. >> i've never seen this kind of attitude where, you know, safety doesn't seem to matter, and when you complain of a problem like barry did and like i did and try to fix it, you're just criticized and pushed aside. >> ken abbott was laid

buy caterpillar products; we're not going to take in john deere products; we're not going to take in g.e. products"? >> the only trade war that's going on is being waged on us. and when you don't hold people accountable for playing by the rules they agreed to, that have access to your market, you're basically saying anything goes. that's garbage. that's baloney. and the american people won't stand for it. >> the "buy american" provision in the 2009 economic stimulus package requires the use of american-made steel unless that violates u.s. trade agreements. so steel from canada and europe can be used, but steel from major competitors china and russia is locked out. coming up, the new breed of american worker. >> some of them are the greatest generation. they're more hardworking. they have these tools to get things done. they're enormously clever and resourceful. some of the others are absolutely incorrigible. it's their way or the highway. the rest of us are old, redundant, should be retired. how dare we come in? anyone over 30 not only can't be trusted, can't be counted upon to be sort o

i was actually pretty impressed last week on the margin story if you look at honeywell and g.e. they're all doing really well on the margin side and the guidance hasn't been as really gloom and doom as we were expecting and in fact if you go and listen to something like honey well they think china has turned, so i think it is interesting we're hearing the guidance of u.s. is okay, europe is kind of steady as she goes, kind of stabilizing and china is not nearly as bad. i think the industrials are pricing in and china will have a hard landing so i think the valuations are pretty a tract active in that particular segment. >> okay to buy stocks? the market keeps ticking higher. we hit another record today. are you feeling good about where you are in this market and where you think people should be? >> i am. i mean, again, at the end of june when everybody was throwing out the baby with the bath water, look at the xlu. you have an 8% run out of that broad measure of the utilities and number of stocks in that sector did extremely well. forget about the gold miners for a moment. they

closing a number of taps tax loopholes the kind of loopholes that allow big corporations like apple and g.e. to cheat the system and use foreign tax havens to avoid paying their fair share of taxes because of loopholes and other subsidies so these that obama has repeatedly demanded that congressional republicans close the effective american corporate tax rate is only twelve point six percent of full twenty two percentage points lower than the official thirty five percent rate here's what the president had to say about this earlier today. right now everybody knows this our tax code is so riddled with loopholes and special interest tax breaks that a lot of companies who are doing the right thing in investing in america pay thirty five percent in their taxes. corporations who got fancy accountants and stashed their money overseas they paid little or nothing in texas. that's not fair as not good for the economy here. so i'm willing to simplify our tax code. closes those loopholes and incentives to ship jobs overseas lowers the rate for businesses that are creating jobs right here in america oba

just paying almost zero president didn't denounce g.e. named him to a jobs council because of their one of jeff skilling been avoiding it which is the amount which is a very public and subject to the ozone who calls for cutting taxes the other problem is that the small business those that are not going to be corporations will have their rate hike there on merit but no don't know they're there the actual . tax rule proposal is to raise those who follow and say that their income comes not from an employer but from self generated would go up so we're going to piano that is part of small business that is not true that is why you are doing this you are pointing out that you are really are no way to twenty eight percent who are just trying to do the fuse block now are absolutely the bite you are the age changing the subject basically you're saying well what about those corporations that are corporations ok those corporations are corporations are taxed at the personal tax rate which is a ceiling at thirty nine percent i'll give you that now it's