so g.e. writ large benefits from the human resources, the energy, he ideas, the intellectual capacity, the die namism of bangalore and india, not only as we expand our reach around the world and we're in about 180 countries right now with customer, but we also are active, engaged, resulting issues -- resolving issue, coming up with solutions for the indian market and customers. >> quick question before we move on. 3,200 patent aply cages for things developed in bangalore. what percentage is it of g.e.'s overall patent development application in the same period? mr. o'brien: that's a good question, i don't know the breakdown on it. but they span health care, health care products used in 7 countries around the globe. india, we have a whole range of accessibility and low price products. spans, as i mentioneding renewable, we're getting into our g.e. transportation story, the rail story that we'll touch on hopefully today. oil and gas. so almost every single key g.e. business, ands i said there a

the shares of g.e. because of g.e. capital. and 2008 wasn't kind to g.e. because of g.e. capital. investors as an investment banker. >> neil: you think any ceo in this day and age could survive that long without delivering the goods? i'm not here to attack jeff. he's a very smart guy. but the markets and the investors, the shareholders would not be as patient and probably never will be in the future? >> you're right. the era of the long-time 30-year ceo like jack welch is over. these ceos, they don't work for board. they work for the shareholder. >> neil: thank you, my friend. let the hair comment go. all right. that would be charlie gasparino. all right. we're finding out more and more in london on that attack. just how much more. that's disturbing. after this. moment turns romanti? cialis for daily use treats ed and the urinary symptoms of bph. tell your doctor about your medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. do

g.e. c.e.o. jeffrey immelt tweeted that he's disappointed and that industry must now lead and not depend on government. president trump did not mention president obama by name, but criticized his administration for failing to put america first when it negotiated the deal. >> i was elected to represent the citizens of pittsburgh not paris. >> reporter: in a statement, mr. obama responded, "even as this administration joins a small handful of nations that reject the future, i'm confident that our states, cities, and businesses will step up and do even more to landlord the way." in a dig at president trump, the democratic mayor of pittsburgh sided with mr. obama writing in a tweet, "i can assure you that we will follow the guidelines of the paris agreement for our people, our economy, and future," and, anthony, the president of france said late today, "on climate, there's no plan "b," because there is no planet "b"." >> mason: chip reid at the white house. thanks, chip. then-secretary of state john

to pull out of it, the ceos of g.e., apple, so many other companies said pulling out would be bad for american business. so explain and you're an expert, why the president is right and all of those business leaders are wrong? >> so, wolf, what the president did here and what is important to understand is when we came to the white house we inherited c.o. 2 targets to 26 to 28% by 2015 that were just unrealistic. we cannot get there in the united states without regulating carbon usage in this country. we do not want to be in the position of regulating carbon usage. we want to be in the position of growing economy and growing jobs which can really happened here and what you have to understand is we as a country have done an unbelievable job on diminishing our carbon output by ourselves. our technological advantages and natural gas is putting us in a place where since 2006 we've already decreased -- we've increased natural gas that our carbon footprint is down by 12.5% already. we're continuous decreasing our carbon output every year. we are one of the best environmental sound countries i

g.e. had been there for a number of years. they raised taxes in connecticut so g.e. said see you later and they're moving to massachusetts. is the same thing. you can't over regulate. >> harris: breaking news now. fbi director james comey, we have a firm date on when he will testify and here's what we are being told. he will be testifying both an open and closed door session with the senate intelligence committee next thursday, 10:00 a.m. east coast time. we want to talk about this for a second. let me set it up this way. i'll remind everybody of what the stakes are at this point. this is a man who said that our president in no uncertain terms want him to back off of an investigation and general michael flynn. and potential russian connections. he wanted him to back off, however, if he did think that would happen, it would be a crime if he didn't report to people that the president might have interfered and an active investigation. comey never did that. he never reported it. was he in the wrong? we've been waiting to see the memos. i don't know they would help much a

electric however a later announcement by its leadership it's about out of that race david joyce head of g.e.'s aero engines arm says the fragmented market entering into green like that wouldn't justify the investment needed as all three would then spend a lot of money to design a brand new engine at great cost and then all of a sudden it would be splitting the market with few returns and the only way out of that would then be to send immediate buyers in for that and if you can find the buyers he says the company is still scarred from a similar deal it's entered into as a supplier for the air bus as c e a three thirty two decades ago. and ford motor company will export vehicles from china to the united states for the first time starting in two thousand and nineteen ford will move production of its ford focus small car from the u.s. to china where it already makes the focus for chinese buyers for its president of global operations joe hinrichs says the move will save ford one billion dollars including five hundred million from canceling a new plant in mexico that it intended to build for the

by two thousand and nineteen g.e. says it won't make the engines for boeing the sleek new aircraft and polls open for the most expensive house race in u.s. history my guess ways and that's coming right up there i can't wait to hear thanks so much lindsey and that does it for now for more of the stories we've covered go to youtube dot com last r.t. america also check out our web site r t dot com forward slash america we've got the palm me on twitter and tweet question more. directly the american middle class has been railroaded by washington politics. big body for four years that's grown a lot of oil that's how we use the loop culture in this country now that we're at home. i would still. argue america i'll make sure you don't get railroaded you'll get great profit in the break. when you work in news and politics for a while you start to see patterns and the patterns only emerge with the perspective of time so the longer you work in news and politics the wiser you should get which is why i just did a double take upon h

by g.e. military contractor you know advertisers on c.n.n. lockheed martin you know is it hard for the media to kind of you know it's easier i mean that's why stuff like you know talking about russia russia russia russia is easier because you know you don't have lockheed martin paying your bills i mean that's what's going on so yeah it's much easier for them i mean that's that's part of it but a lot of it is it's very very complex to when he puts his simple self a do a complex issue that you should be able to cover it but they just can't do and there's and it's i think it's hard because they're trying to cover a certain covering tracks not actually covering it like a journalist but they're covering tracks. five democrats just jump on board with a bunch of republicans over you know saudi arms deals that you know there's no way that anybody and in the in the any democrat can look themselves in the eye in the mirror and say yeah progressive am i i'm all about nine piece and then run toward the republicans right i mean they're just in the pockets

. >> juan: this is about -- g.e., shell. exxonmobil. you had the floor, buddy. elon musk. i'm not even doing business and he was on trump's -- so here's the deal. if you have bunch of people who are trump puppets sticking around here. we have to go. don't worry. >> kimberly: ask him if he's done with his -- >> juan: advocate all leadership and let china and the europeans take the lead? you told me don't listen to nasa -- oh, attack nasa, go right ahead. >> jesse: they want these deals because they can sign these fat contracts with these third world countries that get paid off of taxpayer subsidies. of course china wants this deal. they get to do whatever they want. >> juan: you know what happened today? the french president -- you know what he said? >> greg: what? >> juan: trump is just doing doing -- he's just saying i can get a better party or cheaper price. the president of france said forget it, buddy. no renegotiation. >> jesse: we don't listen to the french. look at how they were in world war ii. 6 million jobs lost and $3 trillion. how is that a good deal? trump is

. >>> egypt signed a $575 million agreement for g.e. to provide new multipurpose locomotives. >>> and a warning about laundry detergent pods. some adults are memory loss may mistake the pods for food. six deaths have been in adults with dementia. >>> good news for jay-z fans. tell us about this. >> the new father of twins announced he'll be releasing his 13th solo album. it will be available exclusively through a hit music streaming title. >>> time now 5:42. tons of cocaine, the massive drug bust made by a bay area cutter. >>> traffic congestion. one bay area city wants its shortcut back. what residents are doing to make it happen. some big cocaine busts returns home to alameda today. over the past two months... the crew seized more than 17 thousand pounds of cocaine in water ica. >>> a coast guard cutter that made big cocaine busts returns to alameda today. in the past two months, they have seized 17,000 pounds of cocaine off central america. in san diego, theyoff loaded contraband from eight missions. and a week ago, they stopped a bo

the g.e. c.e.o.weeted he is disappointed and the industry must now we do not depend on the government. president trump did not mention president obama by name but criticized his administration for failing to put america first when it negotiated the deal. president trump: i was elected to represent the citizens of pittsburgh, not paris. >> in a statement, mr. obama responded. "i'm confident our states, cities, and businesses will step up and do even more to lead the way." continuesussia probe to make headlines with former f.b.i. director james comey set to testify before the senate intelligence committee next thursday. joining me is michael morell, the former deputy director of the c.i.a. and served twice as the agency's acting director. evening newscbs national security contributor and i'm pleased to have him back at this table. welcome. a big news day. this is a significant decision by a president of the united states. >> i think this is the worst decision he has made. i look at this from a national

here is what he had to say about g.e. overall. >> we are a global company.omers. we have a global workforce. that is the company we are and that is the company we are going to run. caroline: mcdonald's is looking for summer help through "snapplications." use snapchat to reach potential employees. the fast food chain has 14,000 locations in the u.s. amazon is considering selling cars in the u.k., putting pressure on europe's biggest dealers. amazon is trying to fill the gap as customers shift away from traditional dealerships. amazon has been using italy as a test market with limited sales. you can hear about apple's outlook for the car market as we are more of our exclusive conversation with tim cook on "bloomberg technology" this tuesday. we heard about the home pod. now we will hear his outlook for apple's move into the auto sector and growth in china. that does it for this edition of "bloomberg technology." "bloomberg technology" is live streaming on twitter. weekdays at 5:00 in new york, 2:00 in san francisco, 10:00 p.m. in london. that is all for now. t

and for the economy, as the ceos of dow and g.e. apple and others. >> tucker: you're in morning. >> that makes you kneel unique. who were the macedonians? >> what she was talking about, 17 intelligence agencies said without qualification that the russians were behind the subversion of the elections. a spoon she's talking about the macedonians, who were these macedonians? she tried to become president six months ago. yesterday on live tv with cara swisher she said at the macedonian agents -- who were they? >> i think we have reports of that as well, they were also working in cahoots with the russians and wikileaks? >> tucker: how do we know that? >> what we know what the facts. the facts are a couple days before the democratic convention, wikileaks dropped these emails that are very damaging, debbie wasserman schultz created chaos there. conversations with julie mesons, wikileaks, the hour after access hollywood said yesterday the dee going to drop and drop, dick cheney called it an act of war. if you don't agree with that, you have

. >> i think the key points to be made here from the other side of the conversation is go ask g.e., go ask michelle, go ask exxonmobil. go ask rex teller's in the secretary of state, go ask ivanka trump. these people all say this is not good for american industry, not good for american jobs. it puts us as a disadvantage, it allows the chinese and europeans to take the initiative. >> sandra: they were absent from the rose garden and i'll give this to you, we were told that she was not president stomach present because of a jewish holiday. rex tiller's and who did save you should have a seat of the table because of this, he was in favor of staying in. what does this say about possible division within this white house on this decision? >> it means conservatives one which is great, that's a good thing for our country. this agreement would have cost the united states $3 trillion in lost gdp, 6.5 million industrial jobs. you know what it would've done to the global temperatures? it would have reduced global temperatures by 0.17 degrees. the it would've changed global temperatures in 85 years

g.e. has won approval to combine its oil and gas business with baker hughes.he plants comes two -- the clearance comes two weeks after a similar decision. the architect will step down as ceo. dior hasf christian told bloomberg he is optimistic about the new french president. sydney was beginning exclusively to rachel chang in shanghai. >> the french market is important. we have a new president. be verythis could positive for the economy in france. start some reforms and bring in some working rules, things like that. that is your bloomberg business flash. manus: thank you. let's talk tech. the global selloff in technology stocks, showing signs of easing. samsung shares edged up overnight after leading declines in asia. tencent holdings, which tumbled 2.5%, also managed to gain. the question is whether the sudden slide was a blip, or represents a more fundamental crack in the u.s. stock market? was it a moment of distress? we look at the etf's and the flow of money at the start of the show. we saw $737 million disappear last week. those are the worst outflows in

we heard from the ceo of g.e. the reaction is still coming in. these are captains of industry. in musk's case the originator of his company, the founder of his company. when jeff eye multiple, representing general electric, says climate change is real, what does today's decision mean? who won? who won? and thus the president announced that we are getting out. >> this is the great ironry, brian, of this decision is that it is packaged as pro business. y yet you have so many of these business leaders who are literally panicked simply because we are about to go into a new era of economic and jobs revolution, a green revolution. and the countries that are in this umbrella, in this paris umbrella, and their companies, are going to be the companies that get those incentives from their governments, and they are going to be the companies that benefit and the countries that benefit from those investments. companies like exxonmobil, by the way, who, you know, was where rex tillerson came from are among those companies. it's also the oil and gas companies that see that this is the way the

and then 9:30 our g.e. adam lavin ask you -- la of -- lashinsky host: good morning it's tuesday june 13, 2017. five days after james comey congressional hearing the senate intelligence committee back in the spotlight today. jeff sessions takes his turn in front of the one of the congressional panels investigating russia's involvement in the 2016 election. c-span 3 will air that hearing live 2:30 this afternoon. will begin the "washington journal" this morning talking about it and getting your thoughts on what you're expecting. give us a call republicans 202-748-8001, democrats 202-748-8000 independents 202-748-8002 you can also catch up with us on social media this morning. on facebook, facebook.com/c-span. very good tuesday morning to you. you can start calling in now as we preview this hearing that's happening today at 2:30. you can see it on c-span 3 today but we're going to be talking about it for first hour of our program in morning. some of the headlines on this hearing happening today. from u.s.a. to

the ceo of g.e. says he's disappointed with the decision.of tesla has called it not good for america or the world. >> i think symbolically it's important, but since 1945 the united states has been the leader in organizing coalitions to deal with global problems, global challenges whether it's security, military or things like pandemics. so for the united states to take this signature achievement that took years and years to do and finally got india and china into the tent, that was always the big problem with climate change. you couldn't get the new ones to get in. everyone came in. 194 countries, ask the united states pulls out. it's a pretty big blow. i don't think you can sugar coat it. i talked to european officials, and they all very much view it in that light. >> how much damage does this do to allies? >> i think it will do significant damage, anderson. and you have to keep in perspective not just today's decision but what the president did in brussels and sicily last week. this a pattern now of aggravating u.s. responsibility on the g

g.e. wants immelt to stay on as chairman through the end of the year. he is also the c.e.o. that position will be filled in august by the company's current healthcare president. now let's go to nancy chen at the "live desk" with a look at what is ahead at "abc7 news at 5:00". hi, nancy. nancy: ahead at 5:00, new video we are just getting from the night a man killed a woman as she drove down the street. plus, the culture toll of isis. a terror group made it part of their mission to destroy priceless artifacts and art representing thousands of years of world history. ahead at a:00, how local students are helping bring the art back to life. a suspected thief tattooed for his crime. that is when i join alison in a few minutes for "abc7 news at take a look at this now. call it divine intervention. a private plane spiraling out of control came crashing steps away from a church that was full of people. the pilot said once he realized once he was going down he saw the church and jerked the plane to avoid hitting the building. he managed to smash through a power pole and slammed thro

he did it with goldman sachs and with g.e. during the financial crisis.hat's right. >> these deals are structured in a way that berkshire hathaway not only earns a high yield on the debt part of the transaction, but it often gets some sort of equity in the mix as well. which serves as a kicker and, you know, if buffett is right and these embattled firms return to investors' graces, then he makes a lot of money in the process. vonnie: now, it's interesting because canada was one of the places that didn't lend to subprime borrowers as much as every other place in the whole wide world and canadian banks were very proud of that fact. so how did this lender get into trouble? >> yeah. so part of the story there and -- our colleagues in canada would know it a little bit better. but it had to do with not screening some mortgages back in 2014. that were bought by outside brokers. but i think the point here, as it relates to berkshire, is that buffett knows his way around a financial statement. and i think is the kind of person who's been technology wade into these

a small number of a vastorporations that has amount of these profits. , microsoft, g.e. and pfizer. we're talking about a very small number of companies. lot of companies paying 31% and 32%. are domestic companies. the tail wagging the dog here, thathese multinationals aren't paying close to their fair share. the second closing point i would make, most of the money is not or germany or britain. companies are two competitors of ours. offshore profits are booked in tax havens. with that.er compete if you create aerstorial tax the tax rateans that they're going to pay is where they book their profit. going to make the world a tax haven. firl and paythe tax right now to the united states government. what are you going to do? corporation. [laughter] would you do? >> 25% rate. wants tohat the house do. lower from 35% to 25%. propose 20%. >> for corporations -- oh wait. okay, 20%. >> i don't know. issome point when the rate low enough, it's important to diminish it. the same with the whole spectrum provisions. be depreciation or this credit or that credit. when the rate gets low, the getsr

our g.e. adam -- lashinsky host: good morning it's tuesday june 13, 2017. five days after james comey senatesional hearing the intelligence committee back in the spotlight today. jeff sessions takes his turn in front of the one of the congressional panels investigating russia's involvement in the 2016 election. c-span 3 will air that hearing live 2:30 this afternoon. will begin the "washington journal" this morning talking about it and getting your thoughts on what you're expecting. call republicans 202-748-8001, democrats

g.e.'s c.e.o. jeff immelt just tweeting that he is disappointed with the decision.nd he says industry must now lead and not depend on government. what does all this tell you? peter: well, i think the road to prosperity in the united states just got a lot steeper. and the road to prosperity in developing countries also got a lot steeper. and it's not surprising just two days ago the secretary general from the u.n., gave a speech about climate change. and i think he chose the business school at n.y.u. for a reason. this agreement is about business. and jobs are critical part of this. if you just look at what's going on, in the last year, 50% of -- a 50% increase in solar power generation. led by the united states and china. over half of the new power generation around the world is in the renewable space. in europe that number is 90%. and you look at job creation, job creation in the renewable energy sector, last year, outstripped job creation in the oil and gas sector. so we're talking about jobs. and over the next -- in the coming decades, it's estimated this $37 tri

but also, some companies that a little less expected, g.e., ibm and even exxon mobil, who said we believethrough with the paris climate accord is the right do.g to at the same time, i think it's been quite interesting to see andreaction of local, state city governments to the earlierment by trump today. and, again, not just places like california, which you might know, onuld be, you the progressive end of things, but even -- i thought perhaps most interesting was the reaction to a comment in the speech in which president trump beenaid, you know, i've elected the president of pittsburgh, not paris. and immediately after that, the mayor of pittsburgh came out publicly and said, well, we through to thew extent possible with the accord. is, think what you'll see on the national level, while the united states may withdraw, i be quitere's going to a ground swell of enthusiasm, industry andide of on the side of government, to really push through and try to live up to the ideals of the accord. >> and you obviously operate in china. what do you think the implications are going to be ground in chin

g.e. has won approval to combine the oil and gas business with baker hughes. this comes two weeks after a similar decision by european regulators and one hour after ceo willannounced the step down. francine: in the u.k. firms that clear euro denominated derivatives could be forced to relocate to the european union after brexit. they also said under these proposals to be rolled out today, firms deemed systematically important to the eu financial system could be required to accept direct oversight by eu authority. let's get more with our financial regulations reporter in brussels. which problem is the european commission trying to solve here? >> so, the issue is that, at the moment, most of the euro denominated firms are in london. so, back in 2011, the european central bank already tried to repatriate the system to the euro area, whciich sparked conflict with the u.k. andthen brexit happened that gave the european union, if you want, the perfect excuse to have another go at this issue. and from what we understand, they are proposing mostly direct oversight to t

you're going to go after the tech ceos, elon musk and g.e., next thing you know every public companyion. >> no. national donut day was not dunkin' donuts. it was salvation army, right, sisters of the poor? >> i believe salvation army for women in world war i. >> back in the '20s, okay? so don't denigrate -- where's aei on paris, do you have a policy paper out on that? >> no, we don't have a policy paper out on it and aei don't have house views. our scholars have different views. right now, we'll see what happens, but i really don't think withdrawing from it is going to create the cataclysmic effects people think it's going to have. i think across america, i think that business owners right now are actually feeling pretty good about things. i would differ with austan on this notion of predictability. it is a volatile white house and trump has proven to be unpredictable, but when you talk to business owners in the heartland, people feel differently. they feel they are operating in an environment that cares about them and what they are investing in and makes that possible, so i think fo