g.e., the idea of the culture at g.e. was crucial to you. >> it was my whole thing. get faster become a-- get everybody's brain in the game. 60,000 people had stock options. they became owners. it was part of getting everybody -- >> the other thing that you did and you've said this, in performance cultures actions have to have consequences. >> absolutely. if you get it right, if you do well. >> rose: you get a lot of praise. >> you get a lot of praise. and you get a lot of praise in the soul. >> rose: psychic income. >> psychic income and you get a lot of cash in the wallet. >> rose: you also say that you have to find coachable developments where you can coach somebody into developing. you can take a talent and make it better. on the other hand, there are people who have flaws who will not get better. >> you also have a culture, if you have a manager and they're developing people and promoting them, they've got to be rewarded for that. you've got-- every time you make a personnel appointme

if there is no there there why won't g.e. in front of this story rather than playing from defensive from behind if i'm the ceo. i get out in front and say of course we didn't do anything wrong. here is the documents proving so. you have your lawyers vet them and you get out in front of the story. >> let me bring in melissa francis. boeing, other companies had arrangements where they were awarded bids and contracts and made donations to the clinton foundation. is there a there there? >> there is a there there. there are mountains of evidence. there are so system cases. you look at the case of boeing. she went and she lobed for them to get a contract in lush shah after that they put money right in the foundation. i don't know going after the emails may not be the way to go. doubtful for me that they actually put in writing there was a quid pro quo. i don't know if you need that look at the uranium situation. this is a disaster we have let russia corner the market on uranium all around the world. they now control the u.s.' sourc

high school dropouts get back into the game to earn their diplomas or g.e.deing located in northeast washington,e1 thexd latest effort to overhaul the public education. our guests, director of the d.c. youth for reengagement center and isaac hammond paul is the center's strategic planning officer. thank you both for being with us. >> thanks for having us. >> isaac, i'll startxd with you, since you're closest to me. tell us.v=uq thec center. >> we opened october 20, 2014. we work with 16 to 24-year-olds who have dropped out of high school, who don't have a high school diplomae1 or g.e.d. we're a t(walk-in center located in the departmentÑi ofq employment services. there are five of us. can get theirñr3w g.e.d. ordiploma. are we pleating those needs for our youth such as unemployment, transportation issues, homelessness, food instability? are we working on those issues child care for example? and what the reengagement center does is look at those particular needs of our students address those, and then talk about educational options for them. >> you address th

it's time for another round of g.e.' laughter ] so i got together with g.e. and we found some of the best and brightest kids out there. i think you're going to be amazed at what we came up with. so let's meet our first inventor, come on over here, sean. [ cheers and applause ] what are you doing? what do i do? how are you, sean? >> good. >> jimmy: what's your full name and where are you from, sean? how old are you? >> my name is sean vallet and i'm from new hampshire. >> jimmy: oh, hey, welcome. sean, how old are you, buddy? >> eight. >> jimmy: eight years old. >> i turned eight yesterday. >> jimmy: hey happy birthday. ♪ [ laughter ] i got you something. happy birthday. okay. sean, now what is your invention? what is this thing? >> it is a paper airplane launcher. >> jimmy: a paper airplane launcher. >> yeah. >> jimmy: okay, yeah. you're aiming it at me. is that what you should be doing? what does that mean, what do you do here? >> hit the red button here, you wait a few seconds, and then you push the paper airplane righ

g.e. in lighting.ing to be sort of the rocket fuel that all of our corporate invention partners are going to be able to leverage. alix: but this is different for you guys. when you started off you were like, no way no partnerships, now you have three. what changed for new your business model? guest: guilty as charged. we started and we were pretty selfish about our community. we wanted to take their ideas and bring them all the way to market. we thought we could build a consumer product brand across is it 12 different categories. what we realized is in certain categories we had scale and in certain categories we didn't and in the categories where we didn't have scale we realized that we wanted to have the best partners in the world. alix: i talked about my favorite product which is the moveble power strip. what's your favorite? guest: mine to date is really the g.e. air condition that are we did last summer. we're here with it. where you can set a budget and turn it on and off with your phone. alix: co

this is the g.e. apply an park where general electric makes the household many fire companies in the area have responded to one building they are building, at building six. we do not know what they make but the fire happened at the g.e. plant in louisville, kentucky. we will want the developments. >>> in the bay area a spot for gun lovers in san francisco is closing up shop on sunday. the rod and gun club is located at lake mercett since the 1930s. the city plan on taking bids from companies interested inizing -- in using the areas. >> we have a preview of the job 's report coming up. >> and a sailor missing at sea for two months and the coast guard brings him to same. stay tuned. around here, we're all about fast. that's why xfinity is perfect for me. with millions of wifi hotspots all over the place - including one right here at the shop - now we can stream all things fast and furious. you've done it again, carlos! ♪ with the fastest in-home wifi and millions of hotspots xfinity is perfect for peopl

the plant houses g.e.'iance division. >>> a big surprise for a woman from oakley as lat night's a's, giants exhibition game in san francisco. she thought her son was overseas serving in the navy. but that wasn't the case. there he is. stealing second base. she had no idea he was going to show up so she started of course to cheer up with excite once she realized it was her son on the field. >> i just love him. i just want to hug him and i'm happy he's home safe and i just can't wait to see him. >> hopefully, she got that hug. sherry says her son zachary had been deployed for more than 200 days. the surprise was in the works for months! >> let her out of her seat. i would be running down to the field going, hello! now? >> hopefully they had a great reunion. >> i have a feeling they did. >>> time for traffic on this friday. how we doing, gianna? >> not too bad. i just checked in with chp. no accidents or major incidents now in the bay area so that's the good news. if you want to skip the roads altogether, mass

smoke is rising from the g.e. appliance factory and they make refrigerators and the other g.e.reporting the six-alarm fire broke out this or. -- this morning. >> the building is a together loss. all employees are accounted for. they are safe. normally there are 50 employees in the building but today is a company holiday good friday. there is no word what may have started the fire. mike is observing it weather-wise. mike? >> you can imagine what is burning in there and the particulate matter is so lamb it is showing up on the radar from my buddy ben pine the chief meteorologist, you can see the radar runs yellow and orange and we would consider that moderate-to-heavy rain so you have an idea how big the particulate matter is in the smoke. it is billowing over louisville and headed to the northwest over downtown. they must have shelter in place with that nastiness in the air. >> the reason you are seeing so much smoke they elected not to fight the fire but let it burn itself out because it was burning so hot. >> in local news san francisco's police chief will hand down the latest

. >> i think you can subpoena g.e. and ask for those emails, could you not? go the fbi go to g.e. i would like to seat emails, we are conducting a federal investigation? i think you could do that. >> on what grounds are you conducting the investigation? >> the grounds are that there may be some kind of corruption that took place. i mean, you know how investigations are. >> yeah, but maybe some kind of corruption. >> you investigate first and then charge. >> yeah, but then you can sniff around every senate office in the world. >> this is big. >> yeah, it's big but again you have to have a little bit more than that to go to a criminal case. it's in the criminal case where you would be able to issue subpoenas. in the absence of that, the clintons are clever. they cover their tracks. >> all right. charles krauthammer everybody, a big footnote. charles best seller "things that matter" out on paperback on may 12th. did baltimore police kill a young black man? we have been investigating. also is there an epidemic of female teachers have something sex with young male students? "saturday n

the plant houses g.e.'s appliance division. >>> 6:13 now.ause a bigger earthquake than once thought. scientists at berkeley's size mo logical laboratory says calaveras and the hayward fault are linked. if they both go at once, the results would be devastating. >> now we can have a larger earthquake having a portion of the calaveras rupturing with hayward up to 7.3, even larger, and from a 7 to a 7.3, you have about 2.5 times the amplitude of energy readings. >> the hayward fault is already considered among the most dangerous in the country because it runs through such a heavily populated area. >>> a attack on a homeless man in the tenderloin. a stranger pulled out a pipe an hit the man with such force he fell off a stool. the attack was caught on surveillance video outside gangways bar at geary and larkin. after the owner tried to help the man, known only as robert. >> i let him use my restroom. i gave him a drink. >> he's a good guy, not a troublemaker. >> a building manager who knows robert visited him in the hospital last night and said h

. >>> a massive warehouse inferno is burning in louisville, kentucky the g.e. plan ploys a lot of people and today is a holiday where few employees were there. look at it crumble there. cameras captured the moment that one wall collapsed. this building was used for storage. not manufacturing appliances. >>> an american couple was founded on a cruise ship docked in puerto rico, they were found in a cabin aboard the windham boat of holland america. authorities are still looking for a murder weapon and a motive and the fbi is leading this investigation. >>> an alabama man that spent 30 years on death row is a free man today, ray hinton was convicted in the murders of two fast food employees but the case was recently dismissed because of modern forensic they failed to prove that the bullets came from hinton's gun and those were the only bullets linking him to the crime. he was one of the longest standing inmates on death row. >>> the results is touching hearts around the world this is the original image sierra posing with her 6-month-old son, there was a gaping hol

it was helped by g.e.' coming after the company announced a $50 billion share buyback program. shares of netflix gained more than 3% in late trading after asking investors to approve a huge increase in the number of shares, a possible prelude to a stock split. former secretary of state and former new york senator hillary clinton is expected to officially launch her 2016 presidential bid on sunday.

. >> in the state of kentucky, a big fire has broken out in warehouse belonging to g.e. >> reporter: a huge blaze tears aparten a general electric warehouse at one point officials told thousands within a two-mile or 1.6 kilometer radius of the blaze to stay indoors. >> there is always risk to our health and safety. right now since we're on defensive operations we're not on air so we are being exposed to some of the products you see here. >> reporter: the fumes are determined not to be toxic and perhaps amazingly no one was injured in the fire. sarah worked at the plant three years and whose husband met her at the scene. >> today in the morning she called me because me in my job she called me said ramon my job is on fire. what? often fire. what happened, she says i don't know. >> it's not good because we can't get in there no money no loads. >> this fire was so big it took more than 200 firefighters more than eight hours to finally get the blaze contained. but this is a city that was not only dealing with this but another disaster as well. heavy rain brought severe flooding to the cit

now, the g.e. come plex on the verge of collapse. residents asked to stay inside because of concerns of toxic fumes. the epa is testing for acid gases. no one at the warehouse was injured. this complex is where ge makes dish washers and refrigerators. david wright abc news new york. >>> and new information about the jet crash in the alps. here's david kerley. >> reporter: buried under eight inches of debris and dirt, this blackened box, providing strong and compelling evidence tonight that co-pilot andreas lubitz crashed the jetliner on purpose and was conscious. the flight data recorder shows that soon after the captain left the cockpit, lubitz commanded the autopilot to descend from 38,000 feet down to 100 feet. starting the steep descent. as the captain was now banging on the door, lubitz adjusted the speed, actually accelerating the jetliner several times to keep it diving toward the french alps. screams of passengers are heard in the final seconds. in the debris field, 42 cell phones have been recovered and sent to a paris lab f

i had a big title at g.e., i was president. i could slave away or seven miles away in vienna, virginia is the leader in a category called america online. i had known steve ce. i knew all the guys there. i go over there. steve calls me and says, on over -- xocome on over. i did a bunch of stuff including is this to business, which was in its infancy in 1987. we would log on and buy something. the idea of busisinesses interacting and transacting with each other was new. as commute occccasions got faster andevices got more prevalent on desktops, as the closed communities opened up, businesses were acting like consumers. they were buying things and paying bills online. and then j jumped to a company called vertical net which was mentor capital backed. aol had 20 people when i joined an almt 2000 at our peak. week took -- we took the company public. it was a fascinating experience. i learned a lot about shareholdeder expectations. never r disappoint shareholders. rebecca: we still have a lot to learn from mark walsh. it is clear he

that fire destroyed a massive building on g.e. power park. production is expected to resume in a few more weeks. new information tonight on the deaths of eight people from carbon monoxide poisoning in princess anne, maryland. delmarva power says it did not cut off power to rodney todd's home because of late payment. the utility says a stolen electric meter was disconnected from the rental home last month for safety reasons. the bodies of todd and his seven children were found yesterday. todd's stepfather says he and todd's mother felt something was wrong. >> our concern was that she didn't heard anything from him for almost a week and a half. and that was kind of baffling because normally he would call her four or five times a day. maureen: todd's mother said the family use a gas powered generator to keep warm. investigators say generator filled the home with carbon monoxide. still ahead on abc 7 news at 6:00 -->> the phone records of law abiding citizens are none of their damn business! maureen: rand paul's fiery speech as he enters the pres

. >>> video shows a g.e. warehouse collapsing as consumed by flames. in louisville, kentucky.dreds of firefighters have been battling the fire all day. the people living nearby were ordered to stay inside because the smoke. neighbors have been posting pictures of huge chunks of ash falling from the plant. snow word on the cause of the fire. >>> a long break on wall street. markets closed today for good friday. in rome pope francis ended good friday services at the coliseum. holy week activities end on sunday when the pope says mass in st. peter's square. >>> this is also the first night of passover. the eight-day jewish commemoration begins at sundown. passover remembers the israelites achieving freedom from slavery in egypt. >>> a woman slapped with a $200 ticket her crime driving while using chapstick. the nevada woman thought that it was an april fool's joke when a state trooper pulled her over on wednesday. it certainly was not a joke. she was cited for putting on chapstick at the red light. turns out there's a local ordinance that says drivers must pay full attention to t

cory: g.e.'s shares responded rising the most in five years. blackstone group also agreed to buy a shopping center owner excel trust, roughly $2 billion. the twin deals today cement blackstone's position as a world's biggest private equity investor in real estate. blackstone oversaw $81 billion in real estate assets. hillary clinton will make an official announcement for candidacy for president of the united states with an online video. the democrat will then head to iowa and new hampshire. clinton forgoing the typical big announcement in favor of meeting with voters in small groups, according to a person close to her campaign. the u.s. senate is working on a bill that would give congress the authority to review the iranian nuclear deal. such a bill would allow congress to block the obama administration from lifting sanctions on iran. here is former u.s. ambassador to israel on whether any iranian deal will get done. >> if it continues to be the case that they want the deal, in the end it is more likely than not if they get a deal i suspect it

mark: g.e.d an overall loss of more than $13 billion because of costs linked to the sale of most of the assets in its finance unit. the worst performer on the dow this year is down again. american express falling after reporting first-quarter earnings. they posted sales that missed estimates. the company is under pressure to show how it can recover from setbacks including the end of a partnership with cosco. the c.e.o. said he expects earnings this year to be flat or slightly down. that is a look at the top stories we are following on this friday. fans of the designer clothing showed up at bryant park yesterday waiting for the chance to shop the target collection in a special one-date pop-up shop for the collection -- before the collection officially hits stores. it is the latest example of the much-hyped designer collaborations. julie hyman is here to talk about the strategy behind these special collections. what is target hoping to achieve? julie: basically buzz. they have done these collabora

we're watching two dow members that i want to mention, g.e.gest evolutions and transformations in its 123-year-old history, becoming more industrial focused, getting rid of its banking business g.e. capital. so that's the big focus of the g.e. earnings today. then disney. i know joe, you're a fan of the "star wars" trailer. guess what? in 17 hours, 18 million views on youtube and you guys are going to love this. that's nine times what hillary's 2016 did on youtube and that's giving disney stock a boost, it should open near record high. >> wow. no question i'm in the minority. sara eisen, thank you so much. >>> still ahead, the positives and negatives of the american legal system told this one father's fight to overturn his son's questionable murder conviction. dylan talks to us about his powerful new documentary when we come back. ♪ ♪ the beautiful sound of customers making the most of their united flight. power, wi-fi and streaming entertainment. that's... seize the journey friendly. bring us your baffling. bring us your audacious. we want yo

investigators saying it could be weeks before they know the cause of a massive fire that engulfed a g.e. complex in kentucky. the fire which began yesterday was still smoking as of this morning. amazingly, no one was hurt. >>> police in california busting an illegal marijuana operation in fresno county. seven people weree arrested and more than 1,000 pot plants were confiscated. >>> robert durst's childhood home hits the market for $3.8 million. the infamous real estate heir is being held without bail in a louisiana prison following his arrest for the murder of a long-time friend. >>> we have three options for dealing with iran's nuclear program. bombing iran's nuclear facilities which will only set its program back a few years while starting another war in the middle east. abandoning negotiations and hoping for the best with sanctions even though that's always led to iran making more progress in its nuclear program. or a robust and verifiable deal like this one that peacefully prevents iran from obtaining a nuclear weapon. >> that was president obama, his weekly address today defending

he has obligation to the shareholders of g.e. to avoid any taint of scandal.immelt should release those emails immediately. if he does not the justice department should begin an investigation. a welcomed greeting to the new attorney general loretta lynch who we believe is a person of integrity. in addition, there are charges that the state department under mrs. clinton signed off on a deal that allowed the russian atomic energy agency rosatom to acquire a huge ukrainian uranium company called uranium 1. chairman a man named iantelfer donated a million and a half dollars to the clinton foundation much of it before the negotiations were taking place. shortly before the deal was done bill clinton received $500,000 for a single speech he gave in moscow. again, the appearance of impropriety is staggering and the defense is paltry to say the least. >> the way it's talked about is as if the clintons took this money for themselves. it didn't. this money all went to charitable causes. >> this was unearthed in this cash book by a guy called the general accountability in

scored gains across the board, partly on the news that general electric will sell its financial arm, g.e the dow jones industrial average was up almost 100 points to close above 18,000. the nasdaq rose 21 points. and the s-and-p 500 added 11. for the week, the dow and the s-and-p gained more than 1.5%. the nasdaq rose more than 2%. >> woodruff: still to come on the newshour: the fight over gun rights shifts from washington to states and cities; witnessing crime and capturing video that can be used in court; david brooks and ruth marcus on the week's news; why retailers pull some dietary supplements from the shelves; plus, musical mash-ups and a feast of eclectic sounds. >> woodruff: it was widely reported today that hillary clinton will formally announce her run for the democratic presidential nomination on sunday. the former secretary of state, senator and first lady is expected to enter the ring via social media, then travel to early-primary states. meanwhile, a dozen potential republican presidential contenders took to the stage today to woo one of their biggest constituencies, the gu

g.e.'n the building that jack built. >> yeah. >> when you read that what do you think about that? agree or disagree? >> thank god they're making changes. the world has changed. >> it doesn't hurt your feelings to say i built it this way? >> we talk about change every day. the game changed in 2008. dodd/frank came in changed the rules for financial entitities and we became a city which is a significant issue for financial services company. it became a less attractive businesses. thank got they jumped on it. that's why geo's still in the dow jones. >> on page 221 you say technically we both retired in 2001. okay. one of us retire. the other got fired for running off with the retired. who was that suzie? because at the big time that was a big scandal. no one every thought that would lead to a love connection. how did that happen? >> i thought no wonder everybody loves jack welch. he's amazing. i thought he seemed awfully curious about my personal life. >> he was married at the time. >> he was.

inmelt said -- and i quote -- "when i am talking to g.e. managers, i talk china, china china china china. you need to be there. you need to change the way people talk about it and how they get there. i am a nut on china. outsourcing from china is going to grow to $5 billion. we are building a tech center in china. every discussion today has the center on china. the cost basis is extremely attractive. you can take an 18-cubic-foot refrigerator, make it in china land it in the united states and land it for less than we can make an 18-cubic-foot refridge rarity today ourselves -- refrigerator today ourselves." what mr. inmelt is saying is what virtually every major corporation c.e.o. was thinking. and, again it's not hard to understand why. in china wages are very, very low. environmental regulations are almost nonexistent. hard to find a free trade union to negotiate for their workers. why wouldn't a company shut down in america and run to china? and that is exactly, of course, what they have done scripps -- what they have done. madam preside

jamie: take a look at this massive fire at a g.e. plant. we have reporters on the way as well.ill: another disturbing report on isis around the world. has the terror threat gone worldwide? >> these aren't enablers these are young men joining the ranks of isis to fight and die if they need to. the real question that needs to be asked is "what is it that we can do that is impactful?" es is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. bill: this is louisville, kentucky. the general electric appliance factory is on fire in a significant way. that building was evacuated but the blaze consumed the building. it appears to be a total loss. look at the smoke that drifts on the horizon. dozen of firefighters battling this blaze. 100 firefighters on the scene. it's building number 6 it was being used for storage for these appliances. we are look for more information and when we get it we'll bring it to

olivia: while on the beach, g.e. selling off its real estate assets to blackstone for $23 billion. it's the largest real estate transaction since the financial crisis. the chart you're looking at on screen shows that u.s. commercial property prices are now 7% higher than they were during the 2007 peak. very interesting. with us on set is dan. what do you think of this deal, blackstone buying in a strong market, you think they overpaid? dan: i wouldn't think so. given it was a negotiated transaction both sides probably did pretty well. olivia: how hard is it to find bargains in commercial real estate right now? dan: i think there's a lot of capital out there and i think that maybe you can pick and choose and maybe on a relative basis you can do better. but i don't think it's the bargains of the past five years. tom: exactly withstand it comes to the idiocy of people in residential plunking down money and don't know what to do with it as opposed to guys like you doing an analysis. is the cap rate analysis prioritized n

i mean -- >> what g.e. was able to do -- >> they're not done yet, right? >> were they early?ink that you have to go in and say, look what we're go to do right now say you have 100,000 employees we'll have 120,000, you can't talk about streamlining, because they're wise to us over there. they know that what we do is we fire, we're great at firing. >> all right. >> we're an amazing firing country. >> but you look at fedex paying nine time but citi says six times pro forma if you take 125 million euros of projected cost savings. cost savings is typical of reductions in workforce often times. >> you can't do that. they're not going to let you do that. they're going to say, look you're welcome to come here but you know what? we're not going to let you destaff. >> right. >> we're going -- you've got to give money, set up a national institute of freight. >> well a lot of questions for fred smith, of course. >> it's going to be great. >> we'll put to him in about, what 40 minutes. >> coming on our show the man with a tremendous breadth of knowledge. fabulous economist. i've always --

g.e. gave china the designs for the turbines that spin so quickly. to get a ten-year contract. ibm just made a deal with china where they had to give away a lot of the knowledge of the software that took decades to build up. but china's such a huge market it says to these companies we'll give you five ten years of good, you know, you'll be here which we wouldn't let you in otherwise, but you've got to show us how you do what you do. and then a chinese company will do it and we'll be stuck. so just as over the last 20 years, by doing nothing we've lost out on low and middle-end manufacturing and services. we're going to lose out on the best thing we have going if we let china keep going this way. and that's why some of us are so frustrated. frustrated here tonight because i very much appreciate the support for my amendment. the amendment of senator brown, senator portman, and senator burr. but i feel a passion that i see america be the number one country in the world. if we traded we would. we have the greatest system, the most innovation. we come up with all the new ideas. but

in the computer can predict it, and we have got 50 companies who have made the pledge so far, like g.e., phillips, maximo, we need the rest. if we do not get everyone to agree to share data -- we are not asking for internal data but we won't be able to get the things we're looking for. i made an analogy about 11 blind men helping an elephant, we will not know what we are touching. president clinton: josh, this insurance model you just described to us, just as a lay person listening, from a naked business model point of view, it sounds like you are saying if i do this well, i can ensure people for less money and still make plenty. that is what you are trying to do? so what we want to do is insure for wellness. since i'm a presumably -- since, presumably the problems for medicare and medicaid and the federal health insurance federal health insurance program would follow your lead, if you can do this, that way you can be truly disruptive. what do you need to happen beyond your control for your business model to have a good chance to succeed? mr. kushner: i think it is about aligned incent

that is g.e. >> all the major industry groups are in the red except utilities are flat.ancials had a good week after stronger than expected earnings. not so much today. >> we got good numbers for most of them. goldman and jpmorgan the standouts. >> goldman had a good day yesterday leading thee ipos. >> the stock itself did not perform well even though numbers were quite strong and now you've got that downgrade today. should we get to the faber report? >> let's do it. we've been waiting. >> want to weigh in on this announcement from verizon which we'll have more on. it is yet another signal perhaps of the very rapidly now changing face of the way content is distributed to those who use it in their homes. in this case verizon, if you missed it talking about what they are saying is the new fios custom tv. a number of different bundles of channels that their customers will be able to choose from at various price points including sports or not, including various things they may like. it is yet another signal that the bundle itself as we know it is certainly being challenged.

. >>> reroad map, blockbuster news out of general electric selling the bulk of g.e.al, $50 billion buyback. stock's up 7% in premarket. we'll get faber's exclusive with jeff immelt. >> apple watch preorders began at 3:00 a.m. large lines absent this go-round but online models not available until june or july. what does it mean for sales at apple? >> retail moving in premarket. gap down 2% despite posting stronger than expected march sales. >> stock futures are edging higher here all hail to the power of qe abroad nikkei surging past 20,000 for the first time in 15 years and equities in europe are now at a new record high. >>> we will start with our news of course involving general electric, released this morning at 6:30 a.m. the company effectively exiting the financial services business. something that will take place over the next couple of years, as disposes of many of the businesses within its ge capital and sells those, perhaps a multiple to those businesses or a price to book value. and also disposes of portfolios of assets beginning that actually this morning

chairman of america bank and previous ly previously he held management positions at progressive insurance, g.e. and bain & company consulting. he has a bachelors degree in mechanical engineering from the university of florida and mba from harvard business school. in addition to all of those responsibilities at discover, he is a board member of cdw, a director and pass chairman of the executives club of chicago and the federal reserve bank of chicago's representative on the federal advisory council to the board of governors of the federal reserve system in washington. mr. nelms is also chairman of o the board at junior achievement of chicago, a board member of the financial services roundtable, and a member of the civic committee of the commercial club of chicago. from 2008 to 2014 he was a member of the international board of the juvenile diabetes research foundation. if you can't -- he can be chairman of all of those things and he's still a very decent guy, and so please join me and give a warm welcome to david nelms. >> with that introduction, we're out of time. it is an honor to be here. i'

and then leaning back to the middle to try to go for the g.e. >> that's a big challenge for republicanslary clinton is the democratic nominee, the challenge is if you have disagreements with her to cast those in a way that is not offensive to a large part of the electorate, especially the women. it's going to be very tricky. and throwing the kitchen sink at her early may work to secretary clinton's advantage because once you answer negatives early on, you don't have necessarily have to answer them again. so rapid response will be very important for both sides. >> speaking of throwing everything but the kitchen sink let's talk about the rnc which is launching these anti-hillary ads. let's take a listen to one of them here. >> hillary clinton has some explaining to do. >> used her personal account to conduct official business. >> wanted to -- >> not really working out well. >> potentially catastrophic move for hillary clinton. >> taking millions of dollars from foreign governments. >> it was a total quirk. it was a lie. >> what difference at this point does it make? >> this is just par fo

our staple g.e.d to live in a smarter home. >> you're holding that up. >> a security system that we can stall for $20. this is i think, an outlet that you can control with your phone. this has all the functionality of nest for $50. >> nest has done very well. you can control your thermostat from your house. way out, wherever you are. et cetera. remote. this is a getcompetitor product? >> it's i competitor product that we built with ge. >> what is this here? >> that is a multipurple sensor in a questionable color. >> it senses what? >> so it senses light, sound, acceleration, all sorts of stuff like that. >> you would do what with it? >> you could use it to trigger events in your house. let's say acceleration. when your washing machine is done washing it starts vibrating and sends a signal to say your laundry's done. again, it's a community company. my opinion is completely irrelevant. >> somebody who invented this how much money do they get? >> last summer the inventor of that air conditioner made hu

you interviewed a lot of people at g.e.red and who had done the homework about what we were doing. we tell our kids you have got to do -- this is the biggest test of your life your interview. you stayed up all night and pulled an all nighter and drank caffeine and done everything else to stay on this. your job interview know all about the company and interview. know what they are all about. and looking at somebody who is engaged and wants to play on the team. >> we have a friend whose daughter was very bright, gone to a good college, couldn't, you know find a job right off the bat as is the way today. and she went in for a job interview the company she really wanted to work at. she thought she looked at her resume and clubs and other experiences sits across from the hr. she says what's our stock price? she did not get the job. >> know something about the company you are applying. >> to you can't believe how often it happens. >> i do believe. i interview people. super interesting concrete. money goes to charity so buy a copy

the state wrote to me sharing a story wrote my wife lost her job of 15 years at jevment in ohio -- of g.e. in ohio because of foreign trade. the plan that once employed 600 is closed. my brother-in-law lost his job at ohio lamp which is now closed. my plant w.c.i. steel is closed. one time the plant employed 1,800 people. george writes i could go on and on. there have been friends and family so many of them that worked in numerous plants that are now closed in large part because of bad foreign trade deals. jamie vaughn wrote to me saying jaim my's father and grand father worked in ford until it closed down. jamie's father was able to transfer to indianapolis where jamie and jamie's brother worked. until that ford plant shut down he wrote they built a plant exactly like in brazil. my brother and i transferred to california. that plant shut down. i got a letter from gary in northwest, ohio about how factory closures have ripple effects across communities. he wrote in 1995 i was employed at general motors power train foundry working 12 hours a day 67 days a -- 7 days a week. then along came