g.e. you saw some of the teches.ng bell shows in the states yesterday evening. getting involved in new tech with dividends and find those -- francine: we call g.e. a tech. i know everybody does. i find that crazy. we have to dedicate an entire show about why g.e. is a tech stock. "surveillance" is up next live from new york. manus: we're live at twitter at flacqua and at manuscranny. q.e. 4, anyone? ♪ announcer: this is bloomberg "surveillance." brendan: the shanghai composite has a raised everything it gained in 2015. china does not show signs of intervening. germany grew in the second quarter. germany grew through exports in the second quarter. we go to berlin for a failure to rebalance. the u.s. correction may not be a bear, we look for safe havens anyway. this is bloomberg "surveillance," live from new york. i and brendan greeley. joining me is vonnie quinn. tom keene is out. he did send an e-mail," more cowbell." vonnie: futures in u.s. pointing to a higher open. brendan: i take issue with the post showing a bea

i wanted to be a contestant on my favorite tv show, g.e. college bowl. ok, there are some old people here. it came on every sunday. they have four contestants on each team, two different colleges, and they would ask questions about science, math, history, geography. they would also ask questions about classical arts and classical music. there was no way you would learn classical art or music at southwestern high school in inner-city detroit area in my high school if you said something about van gogh, they would've said, put us in it, the fan will -- van will go. i made an executive decision i would get on the us -- bus day after day and travel down to the detroit institute of arts, run through those galleries and two i knew every picture, who painted them, listening to my portable radio, mozart great kids in detroit thought i was nuts. a black kid listening to mozart and i tried to convince them that the mo in motown was mozart. i even tried to decide which college i would attend based on that show. i was going to apply to the college that that won the g

g.e.,great location on this g.e. property, now empty, certified claim, $25 million. issue with certified claims. for the u.s. embargo to be lifted, one of the conditions in it is that these claims must be settled. i asked john kerry about this when he spoke recently at the council on foreign relations. >> for the embargo to be lifted against cuba, the law requires that u.s. claims against cuba be settled. what's your position? should the law be changed or the claims be settled? >> we are already talking about claims. claims are going to be part of the ongoing diplomatic discussion. it is very much on the table in the context of the normalization process. >> we have shown you all these corporate headquarters. there are a lot of american individuals that are keenly interested in trying to get a claim on their property back. most of the companies that we have spoken with said, look, we would rather have market access instead of getting the actual building. back to you. >> thank you very much, michelle caruso-cabrera in cuba. >> let's get to the cme group in chicago. ric

i would say pick your stocks that you want to own, whether big conservative stocks with dividends, g.e. opened with a big yield. opportunistically, buy when stocks are under pressure, always have greed when other have fear, fear when others have greed. and do this to rebalance your portfolio to the extent you were intending to. if you were underweight equities the time is now not when the market is soaring. >> we were discussing with michelle the fact that unlike 2008, you and i talked about those terrible days of september and october of 2008 when the market was coming down alongside jobs being lost, home values plummeting, economic growth going into reverse. none of that stuff is at play in the united states. this keen market of the united states is not actually a reflector of what's going on in the u.s. economy right now. is it a good reflection of what's going on in the global economy? >> yes, we're going down because of what's going on in the global economy. essentially china is decelerating and there are people who feel that the wheels are going to come ooff. if the wheels come o

this afternoon or tomorrow, next week, i think it's a pretty good bet that over the next ten years g.e.'s earnings go up and you're earning twice as much in yield as you wait for that to happen as you would in a ten-year bond. i think there are a lot of values out there today and investors should get used to using corrections as opportunities. >> reporter: of course, just as there's no guaranteed safety in stock, there's no guarantee that companies hurting for cash in a down market won't lower their dividend payments. indeed, especially in the beaten-down energy sector, there has been a flat market over the past few months and right now the market looks anything but flat. for "nightly business report," i'm dominic chu. >>> and that does it for "nightly business report" for tonight. i'm sue herera. thanks for watching. have a great evening, everybody, and we'll see you again and we'll see you again tomorrow. announcer: "imagemakers" is made possible by the members of kqed. carolyn: [ gasps ] [ vacuum cleaner runs ]

been reinforcements, particularly special forces which we have seen that we understand belongs to the g.e. c coalition, supporting the government by request of president abd-rabbu mansour hadi, trying to establish a security in aden for the government to return with an outlook to hopefully, as far as they are concerned, spread their authority in aden and the rest of the country, they are in control of aden airport, the situation is fluid, it's turbulence, and that's why it has come to deliver, they are staying on the ground the plane, to unload the cargo before it takes off. there's still shelling and mortar attacks sporadically taking place. >>> two soldiers have been killed in what has been described as a suicide bombing in eastern turkey. the attacker rammed a truck packed with explosives into the building. 24 have been injured. the p.k.k. is blamed for the attack. violence increased in the past week since the government began air strikes in turkey and iraq. >> kurds in both those countries have been protesting against the air strikes. police fired water canon and tear gas to break up

g.e. finished at $25.79. capital one fell slightly oo $80.82. warren buffett's berkshire hathaway fell, weaker results in its insurance operations. a shares didn't move much in after hours trading but declined in regular session to end the day at 215,000. you probably notice a theme this earnings season, companies are blaming the strong dollar for dismal quarterlies. currency was the most popular topic discussed this earnings season by s&p 500 companies. this week's market monitor has some smart ways to protect your portfolio from currency upheaval. last time he was on in january his picks were national grid. it's off 7%. jpmorgan, which is up 22%, and the biggest of all, google, which has jumped 29%. jamie cox joins us now, he's managing partner at harris financial group. mr. cox, welcome. good to have you with us. >> thank you, tyler. nice to be with you. >> we just mentioned so many earnings reports, particularly revenue reports, reference currency headwinds, and that is why revenues for a lot of companies seem to have come up v short. is tha

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erik: what about buying portfolios of assets like the stuff g.e.lling or businesses spinning off as part of the dismantling of ge capital? it is an interesting area for us. if you look at the most recent piece traded, they traded at a price that would make no sense to us. erik: but what does that mean? and other financial institutions grow if the real money buyers are paying such high prices? guest: it means we have to grow our business organically. we have to originate loans. there is opportunity there. it means you can't grow too much faster than gdp. one of the negatives we see right now is the fact that the u.s. economy is not growing as robustly as it should. if we get 2.5% gdp growth, it means we cannot grow too much faster than that. stephanie: when you see the price tags that equity giants pay today, can they do that because they have so much money, it does not matter? guest: they have to put the money to work. they are just putting money to work. erik: in principle should they be willing to pay higher prices than you should be willing to p

it has hurt microsoft, g.e., intel, caterpillar and disney, particularly who have earnings outside theirountry, outside the u.s. strengthening of the dollar is equivalent to monetary tightening. betty: but does that mean the fed moves or not? >> i think it means the fed that is not move. there has been monetary tightening already driven by the dollar. if you think of it, what would the european central bank like the fed to do? they would like them to raise rates so that can depreciate the year and have a positive impact on the economy. everybody else would like them to do that. >> let's talk about some of the specific countries like region to region. we did see some growth in germany. >> right. mark: but we still see this tepid growth, under performance going on in france and italy. talk to us about the regional break down. what is happening in those countries? >> well, it certainly looks like there is very little evidence that outside germany there is a great deal of strength. we see weakness in the industrial production numbers, high unemployment in all these countries. so we are reall

for example, g.e.and statoil's project to reduce the amount sand used in hydraulic fracturing would also reduce the number of trucks bringing sand to drill sites. and that means less traffic in communities near oil and gas development. but industry analyst carl larry is deeply skeptical that big oil will get smarter because he says it doesn't have to. >> fossil fuels, it is a simple project. we drill, we refine it, that's all we need to do to make money on that. coming up with new fangled ways, it's expensive. and right now there's not a lot of margin for error to take a chance and put in a new technology. >> reporter: making substantial changes in the way that we drill, larry says, requires vision. >> we need a steve jobs in oil and gas. we need somebody who is going to go out there and take a chance. big companies aren't. they're just gonna keep their budgets going. but the ones who take the chances are the small businesses, people who have the guts to try and make something new. >> reporter: and as

that is what they are g.e.the moment. >> if you take the whole story, china, the actions from the central bank. the fed move. does this not smack of central banks really scape scraping the bottom of the barrel in terms of ability to deal with any crisis. we have had a human tragedy. >> i think they do. the question is how to use it. if you think about how bad things are now, what would be the broader solution to all of these problems that we're seeing merging markets? obviously you need higher interest rates to stabilize currency. you'll need some kind of venture wall dollar swap basically to allay concerns on dollar-based liabilities for the banking sector, etc. to get from where we are now to do, things have to worsen quite a bit. i think things will definitely get orse before they better. francine: indonesia holding a key rate. is that a surprise? >> not to me at all. it is a little bit early for them to talk about cutting rates. they were quite aggressive at hiking the rates last year and the year before. f

i wanted to be a contestant on my favorite tv show, g.e. college bowl.me old people here. it came on every sunday. they have four contestants on each team, two different colleges, and they would ask questions about science, math, history, geography. they would also ask questions about classical arts and classical music. there was no way you would learn classical art or music at southwestern high school in inner-city detroit area in my high school if you said something about van gogh, they would've said, put us in it, the fan will -- van will go. i made an executive decision i would get on the us -- bus day after day and travel down to the detroit institute of arts, run through those galleries and two i knew every picture, who painted them, listening to my portable radio, mozart great kids in detroit thought i was nuts. a black kid listening to mozart and i tried to convince them that the mo in motown was mozart. i even tried to decide which college i would attend based on that show. i was going to apply to the college that that won the grand championship

i did some work on g.e., yielding 3.5. 87% of their business is not in oil or things that people wouldn't like like financing. it doesn't matter. one day it will matter. is it from the 22 level. i don't know. >> we may find out. there is the opening bell. the s&p at the bottom of your screen. we will be looking for a little bit more red than green once again today. the battery dance company based in lower manhattan celebrating the 40th anniversary. over at the nasdaq, grand banks, a seasonal oyster bar aboard a historic schooner docked in tribeca. >> why not? they have pearls of wisdom in those things. >> did we mention the disney down grade? we also have a down grade of my kron. >> there was a stock at the lowest quadrant of the s&p and made a major acquisition to get into flash. they made a big ram-up position. for a while, it kind of cornered the market with a couple other korean companies. then, people stopped using pcs. hewlett-packard will find out. as soon as you say, stop using p.c.s. anyone in that business says, jim, that's great. you are typing on a p.c. generationally, i still

plus world class companies like g.e. capital are expanding in new orleans. here's the thing.we can't leave anybody behind. we have to create prosperity that anyone can follow. so in new orleans we help entrepreneurs like a young man with a dream to open his own business, a grocery store in the lower ninth ward. he got support from the city and now you know what? he's done it. this is the exact spot where 12 feet of water sat for weeks following the levee breach. and at our hub entrepreneurs called the idea village new vibrant ecosystems have yee merged where talented people can get the training to support what they do to turn big ideas into new businesses with new jobs. plus, in new orleans, we're in the midst of a retail and restaurant boom. now, no other place in the world would lose 100,000 people and gain 600 more restaurants than we had before katrina but we did. and only in new orleans. these businesses are opening and thriving neighborhoods where top of the new private investment more than $1 billion in affordable housing is available or coming online. 14,000 300 units

companies that buy from this company include g.e. aviation, boeing, airbus.ial heavyweights, and on largely the aerospace, and airline industry. they do do a little business when it comes to power and parts supply for oil companies, but a bulk of their howevrevenue is to the airline industry. big deal, a lot of speculation. the "wall street journal" reported it first over the weekend, but now the deal looks to be a done one, and warren buffett was on with us earlier on cnbc. he said it takes us out of the game for big deals. they have to build up their cash again because this is more than $30 billion. >> sara, the market overall has taken a hit over the past week or two. we expecting a rally anytime soon? or more bleak days ahead this week? >> there's a lot of uncertainty right now. last week was a tough one. in fact, we're looking at seven straight down days for the dow, something we haven't seen in four years. there's uncertainty when it comes to corporate earnings, and really, corporate revnies. the sales just are not coming in as good as analysts were exp

plus, world-class companies like g.e. capital are expanding in new orleans. here's the thing.e can't leave anybody behind. we have to create prosperity that anyone can follow. so in new orleans, we help entrepreneurs like a young man with a dream to open his own business, a grocery store in the lower ninth ward. he got support from the city and now you know what? he's done it. this is the exact spot where 12 feet of water sat for weeks following the levee breach. and at our hub for entrepreneurs called the idea village, new vibrant ecosystems have yee merged where talented people can get the training to support what they do to turn big ideas into new businesses with new jobs. plus, in new orleans, we're in the midst of a retail and a restaurant boom. now, no other place in the world would lose 100,000 people and gain 600 more restaurants than we had before katrina, but we did. and only in new orleans. these businesses are opening and thriving neighborhoods where top of the new private investment, more than $1 billion in affordable housing, is available or coming online. 14,430