hey max i just want to start with the chart and this is the g.e. market cap going back to the it in the eighty's this is the eighty's this is midnight indy's this is up to two thousand spike and the beginning of the hollowing out of the entire u.s. economy in fact if you look at a lot of big multinational american companies you'll see that sort of pattern this is the beginning of the share buybacks the plundering of the assets that had been developed by the company for years this is the beginning of course of financialization also happened really kicked off in the mid ninety's that released some shareholder value for a moment but then it's been plunging ever since so it looks like g.'s going to go the way of the dodo bird very soon you know when this bull market is over and that looks like as fast approaching that chart will be it's epitaph. that's all you need to know. general electric there's an old saying on wall street as general motors goes so goes america well that's not true so much anymore but with general electric it is true it's one of th

if you're a defense contractor you don't really have to innovate so i don't know if it will rescue g.e. in the long term certainly in the short term you could have a boom thanks to the democrats now willing to dispense money to go fight some more general electric is a scam going that claims to be a utility coin but in fact it's an unregulated plutocracy and yet if it probably will rebound on the death play and does pay hefty dividends and some hedge fund activist has fun while we still call green mailers back in the eighty's will come in and build a big position and it'll be the story and they'll make some money but remember at the end of those profits are dead babies actually g.e. shares are down over fifty percent this year and ameritrade and other online brokers discount brokers were retail investors go in robin hood and those sort of apps were showing that it retail investors were the number one buyers of g.e. all the way down and now they're the number one sellers so it doesn't make sense that they're selling to somebody and it's probably hedge funds building up big positions and

tonight on fast, electric shock, g.e. falling 6% today as jp morgan says it's heading to $6 if you think the pain is over we tell you how to trade with limited risk plus semis slams and something happening next woke that could determine the fate of the group. we tell what you it is we start with what was shaping up to be the notify you are looking for blue skies and birds singing red october over it looked like the bull market was back we even got to the mid-terms unscathed. but the markets snapped back to reality. and the selling back we started to see some creeping in yesterday today the dow dropped 200 points the nasdaq down 2% worries about trade and fed continue to hit the market are we setting up for a year end selloff no more pain ahead. >> it not easy being green especially when are the fed is hard atwork. but i'll be oscar the grouch the bottom line we have the fed doing what nepd two weeks ago. letting the fed settle in alongside of really market p. o. boxing with, moving the % in seven days we had huge boundbac

. >> announcer: g.e. shares getting slaughtered. but if you think the bloodbath could be nearing an end, dan nathan has a way to play for a bounce >>> plus, attention wal-mart shoppers the chart of dow stock has been breaking out appear carter worth says more gains in store when the retailer reports next woke. he will break it down. >>> and chip stocks getting crushed. and there is a big event next week that could signal mor pain mike khouw's got the trade it's time to risk less and make more the action begins now. >> and we start with retail gearing up for a big week of earnings home did he bewednesday pb macy nasdaq wal-mart and macy financial disclosure statement these are proit spots amid the weakness the last month. how how should you play the names. >> carter worth at the plasma what are you looking at. >> wal-mart obviously a big one. but in many ways it's a consumer staples play we know it's a big grocery store we know how well consumerer tapeles act this is an offense every and defensive bet here the most recent data point

finally, g.e the stock needs to bottom, for heaven's sake.his morning my colleague david faber pull ed larry cole. he is the ceo. all i heard it's going to take a lot of time, a lot of time and then a lot of time if that's the case, why own it worse, why not sell it the bottom line, some, if not all these things had to occur, something has to occur before this market can find a sustainable bottom everything else is just a phony false floor not to be trusted. let's take a question, sir it's on you. >> ba-ba-boo-yah, dr. cramer. >> thank you >> and thank you for everything that you do for all of us sitting at home watching your show. >> well, thank you for serving >> i have a question about amd >> sure. >> with the news coming out that they're getting into business deals with amazon. >> sure. >> into the cloud sector, intel's issues with their chips, do you see them gaining significant market share in the technology sector? and if so, how -- how do you think that the stock can do? >> this is a great question, sir, because the answer is they are

create a few horses and as a fair trade pioneer it's very important for g.e. p.a. to show that we're buying very high quality coffee on fairtrade terms and that we have a very close relationship with the cooperatives we have direct trade relations there are no middlemen here which is something our customers want more information on and care about. our customers are always happy when they see photos of farmers on the coffee or on other products that creates a connection and gives the coffee a personal touch that's the coffee i dove in the president and what we got here. each bag in the shop contains coffee from a particular growing area none of the blends are mixed so customers who pay higher prices for coffee here can see where their money is going. yet this awareness of fair trade is still read. at this protestant school in berlin two of the senior classes have set out to raise that awareness in the free trade shop in the city's punker district been preparing their campaign for weeks done else good morning everyone this is the last class before the big. i would li

and and yet like part of the reason is g.e. has basically an oligarch with two other companies including siemens in the gas turbine market so they control the market and therefore they don't have to compete . like a big. very every day the guy who's in charge of the bakery opens up the shop it's all the donuts and it's all the bread and then that damn the day he said look we made a lot of money because we sold out of all of our balance and bread but it wasn't to customers it was to himself so stock buybacks are basically corporate you know circling of money totally in a way that doesn't reflect the business they're not in the business of except for the business of fraud and this is rampant throughout the entire s. and p. five hundred and one stud day of reckoning comes as it seems to be happening now you can see it drop of the market down forty or fifty percent you know in a way it can people like oh my god what happened well it's been building for years because they're engaged in massive open accounting fraud most ordinary ame

debt can remain investment grade based on our own analysis of g.e. capital and g.e.ver the next several years. >> nicole, thank you nicole deblaze of deutsche bank. >> thank you. >> sheryl sand berpg reportedly telling staff at facebook to research george soros. the question is, is that a big deal or simply becoming one because they didn't disclose it sooner the latest headache to be facebook and the potential fallout. and more on marriott owes massive data breech was your information, passport number, bank book, exposed how big of a problem could this be for marriott? and one way that you can benefit from the holiday shopping rush that does not involve retail stocks -- that's right -- we are breangut tki ohe yuell log on power lunch. still november stick around place, the xfinity xfi gateway. and it's strengthened by xfi pods, which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. >>> welcome back to power lunch. here

but g.e. e.p.a. isn't concerned about profits its shareholders are exclusively church organizations old g.e. e.p.a. wants as much money as possible to flow back to producers in the countries of origin. procurement manager francisco pinger is about to test a sample from uganda. the pre-packed coffee in uganda will only be dispatched if she gives the green light. as an expert she travels regularly to africa and discusses cultivation and quality standards with the partners. nothing works without mutual trust. him healthy along for the sake of her we have very long term contracts with our trading partners some twelve to fourteen months into the future so we are buying coffee on paper that doesn't even exist yet is forgotten. here the coffee's origins can be traced back to the individual farmers. trade a few horses as a fair trade pioneer it's very important for g.p.a. to show that we're buying very high quality coffee on fairtrade terms and that we have a very close relationship with the cooperatives we

we start with major news learned from general electric's third quarter earnings report g.e. has disclosed a criminal investigation by the u.s. department of justice and the securities and exchange commission they've also reported be low expectations including a twenty two billion dollar loss in the company's troubled power division g.'s all time stock high price was back eighteen years ago in two thousand at just shy of sixty dollars per share the stock the stock sunk to below ten dollars back in two thousand and nine but had been making progress since rise. a north of thirty dollars to do years ago but it's back down to around ten dollars per share in trading today at the new york stock exchange. and on china last time we spoke about a key early indicator of continuing export health as data showed reduced goods and closed in those maritime shipping containers which account for about ninety percent of china's exports well that barometer may be proving true as news from china is out regarding reduced manufacturing chinese manufacturing for october was.

we are not throwing g.e. in there yet.hen you low back at the acceleration to the downside the household names we all know and a lot of people own and you definitely own them in the mutual funds and the 401(k)s the acceleration at this time of year in the names is making me a little bit nervous here for the financial stocks obviously they the caught a bid with the news out of the fed we know there is another fed meeting on december 19th and to me i think you have a situation where some of the initial enthusiasm could wear off over the next couple weeks, especially if nothing really big on the trade front abi think bank stocks close near the lows of the year the underperformance i'll let carter talk to it -- has been horned ouz it's not pressing like goldman sachs or a deutsche bank but if we have anymore headlines out of those names i think you see the bad move into the ugly category citi bank i want to focused on they have the buy back people are focused on that and valuation. but it acts horrible down 20% from the 52-wee

multi-billion europe order to build a power grid in iraq a job the company might use to us can best to g.e. off to the white house and divvied there's also problems in saudi arabia stevens was very late to counsel their attendance at the recent riyadh investment for him most companies who dropped out off to the murder of a saudi journalist. homes demons soulish struck twenty percent over the course of this year. and earlier today my colleague as hot as this spoke with siemens c.e.o. a joke asr about a couple of particular geopolitical risks including saudi arabia and where the case is decision to pull out of a saudi investor conference over the murder all of the journalists cost as he means a twenty billion dollars major power plant deal in the kingdom. the fact is that we did not sign a significant deal which was worth north of twenty billion that's true but obviously you know. things go as they go and i've always made it clear we had a very reliable partner competent partner of the kingdom of saudi arabia we have more than thirty million people mostly young people in the kingdom there ha

if you listen to the commentary around the water cooler, i'm focussed on g.e.book? i'm looking at the article about goldman. this is one of the most negative moments in my career. >> there may be a good book on the malaysian fund. >> it's a documentary that came out that is supposed to be very good. this is a big give up. 1,000 on the tick. i wish the vix would spike more because there is not enough fear. service now is knocked down. we need to see everyone agree with the ninth inning thesis. that is how you get a rally going that is insane. >> a couple of separate situations we have been watching. i want to talk about campbells. i.s.s. the proxy adviser is influential. it recommends all five of third point nominees. we told you last week from what had been the entire board of campbells down to five directors. we recommend three of the third point nominees, the ones not affiliated with third point. they say take three of the five. that is pretty good for third point. five of five at i.s.s. if you go to the vote here given the family's opposition you are going t

they made the announcement so investors are happy with that because what serves the bottom line of g.e. and these companies is not necessarily what what is best for these communities and certainly what's not not what's best for the workers as chevrolet impala was the first cars have rolled off the assembly lines here hough a century ago sixty million cars later and the lordstown factory could face closure on march first next year there is definitely still hope because i think even even mary barra the c.e.o. of g.m. knows how important that lordstown is taught us and maybe you know why i'm doing this is just a reminder to let her know like there are people like me there are people like me that have children that depend we literally depend on being able to go to work and make good you know money and get our paycheck at the end of the week and if you take that away from us what are we going to do tell me while they carve and others know that their union the state government and president trump are on their side they just hope that they can keep their plant and their livelihoods going. tha

hose details and as we head to break the great moment for g.e. and a terrible moment for baker hughes. chipping away at a 50% stake. financing crisis secondary offering by ge at $23 and the stock hit its lowest level since 2002. ell ge have to sell down its stakes faster to deccelerate its deleveraging plans? this is bloomberg commodities edge. ♪ alix: we are delving deep into the market trends of the week, oil inventory numbers, stocks the most since february 2017 with a 10.3 million barrels build, a whopper especially in -- but product demand did hit a record high. you think the crude slide was bad? you want to check out canadian oil. cenovus energy wants alberto to mandate output reduction to stem the decline in price. the soy trade getting turned on its head. that's thanks to the ongoing u.s.-china trade war. argentina is the third biggest producer selling so much to china it needs to buy beans from the u.s. let's dig in deeper into the risk u.s. farmers face. here's what the cargill ceo had to say. >> the chinese have committed to not purcha

shares of g.e. are sliding once again today. >>> for many traders and investors alike the focus is not on the final day of trade of november, but rather, how the markets will react to tomorrow's meeting between president trump and president xi jinping. traders preparing ahead for the weekend. let's get to the floor show and our traders at the new york stock exchange and cme group. let me get to john right off the bat. when will we first start to see it? with overnight markets in asia? >> exactly. this has been a weekend that's been on our calendar as we have been waiting for it for a long time. like you said in your lead-in, showing the picture of all the world leaders there, it's all about posturing. these meetings are going to be all about what they say, how they say it and what comes out of it. i think what we're looking for most is a non-event. i think a non-event will be absorbed very well into this market. we had a great run-up this week and hopefully there's going to be no big ripple effects

the closing low in g.e. back then was also $6.66. of a weird coincidence and stuff but the reason i'm worried about it -- we get a stock like this, it's not a situation where the baby is thrown out with the bath water, it's down 75% from its highest two years ago compared to a 15% rally in the s&p. you're not getting paid to wait, it only pays a penny dividend, so you're not getting paid anything even though the stock is oversold on a near term basis, if you look at the weekly charlottesvilchart, it's not as oversold as it was on two other occasions in the last 12 months i think it has to go lower before you want to buy it. >> this is almost the contrary play is come in and say $8 is enough for g.e. would you want to be in that camp if they can get anywhere near their announcements for next year? >> we haven't seen any stabilization. there are four concerns we have going forward. one, a lot of the reasons investors were in the stock was because of the dividend that's no longer there. two there's no way to know if they can take contro

hardcore patriot and vance both had the same question about g.e. and the question, what's the prognosis for g.e., will it ever recoup 2018 year to date losses? i got to tell you something. i don't see how the company can sell off its best assets and grow the business at the same time. i wish i had better news, but i have been really telling people to avoid this stock. it became a very popular tv bottom fishing idea at $20. i thought that was reckless. susie qt wants to know what was the valuations of fang stocks after breakup by the government because they are monopolies. well, the value of the worth, it's intrinsic. however, they could unlock potential and trigger greater business profits as each individual company tries even harder. and a couple years ago, you liked my guns and trades for christmas. what's your favorite retail trade this year? i hope you made money on those. they did pretty good. i'm not in american outdoors but the stock acts like it's oversold. i like lululemon here. >>> let's switch gears for a moment. breaking news, president

test test test >>> breaking news tonight, major job cuts from g.e onic american automaker shutting down plants and getting rid of big-named cars slashing thousands of workers, the word coming out just before christmas. >> there is people here bawling their i've never seen anything like it. >> tonight, anger and devastation in car towns from michigan and io to maryland. >>> a blizzard travel nightmare, a big storm on the move. s so many peopll trapped just trying to get home. >>> the mom and her daughters running from tear gase dramatic image at the border. tonight our team tracked them down. >>> shock waves as a top scientist claims for the first time he changed the dna of twin girls before they were born. critics say it's a dangerous step towards designer babies. >>> a new twist in the holiday shopping wars beyond black friday and cyber ay, many of the best deals are still to come. >>> touchdown on mars, cheers erupt after seven minutes of terror as nasa sticks the landing 30 million miles away. >>> and the couple that got pulled over for speeding and gave the officer a huge surprise.

photovoltaics systems are still too expensive for many kenyans peter when joe is convinced that so not in the g.e. is the key to a better life and development here he also senses a new business opportunity and wants to start selling solar system himself. well we certainly don't have a shortage of sun in africa right sensi definitely not for leisure solar power can be used as an energy source to light up your life or keep it cool on those rigs doing your bit with a young man who lives right here in lagos his start up develops clean and affordable energy solutions designed to reduce agricultural waste and help calm but climate change. it's good that. electricity is scarce in rural nigeria. it's a challenge for small scale farmers to keep their fruits and vegetables fresh. if they can't sell them quickly enough to harvest parish. budget although once a is working on a solution they are now entrepreneur found out that to keep many fruits and vegetables fresh moisture is more important than cooling. with his team he is developing a standalone portable storage unit. that contains a small humidifier the

starting with g.e., the price target c to $6 from $10 at jp morgan. the analyst citing theecent quarterly results which he said were worse than expected. the firms maintaining the underweight rating. shares fell by 5% to shh 8.58. the lowest close since the financial crisis of a decade ago. >> monster b aerage wased to the conviction buy list as goldman sachs. the analyst says c thecerns over a competing drink from coke are overblown. price target, $66. the stock rose by 5% to 56.84. yelp downgraded by a number of first including raymond james cutting its rating to marketm perfrom outperform. the analyst says the bull case for this stock has come to an end following the disaping quarterly results which we showed you last night. the firm also pointed to yelp's productivity pms. the stock tanked by 26% to $33.93. >>> still ahead wit in oil prices you might not have the stomach to buy stocks in that sector. but our market monitor this week says there are some names worth owning. >>> a judge in montana has blocked constcts of the controversial key instant

to go the two banks recently agreed to continue offering billions in lines of credit in bridge in or g.e. company planning to rebuild the line three or pipeline that would harm indigenous tribes in minutes. in wisconsin for more on this we go to our senior lewd or oil expert. just because we're talking about oil doesn't mean you should try to be slick. you conveniently left out that on the very same day those banks extended to. ninety one other full banks in d.c. to revise the equator principles industry led due diligence standards meant to prevent banks from supporting environmentally and socially harmful projects so these banks met to save the environment on the same day they made a financial commitment to destroy it that's one to. one hell of a double booking right there. you've never double booked anything mr i host two shows a week. do you not remember double booking naomi and john to be on the second half of redacted v.i.p. and they only choking out john so she could say ok. but i didn't know you were throwing twenty dollar bills and yelling fight ok. just because john was too busy

multi-billion year old of to build a power grade in iraq a job the company might have lost to us competitive g.e. often allegedly the white house intervened that is also problems in saudi arabia siemens was very late to cancel their attendance at the recent riyadh investment forum most companies had dropped out after the murder of saudi journalist to market shock she meanwhile at home siemens sold their shares drop nearly twenty percent over the course of this year. so earlier today i spoke to zeeman c.e.o. joke and i asked him first of his decision to pull out of that investor conference in saudi arabia did indeed cost siemens a twenty billion dollars deal with the saudis. the fact is that we did not sign a significant deal which was worth north of the n.d.p. and that's true but obviously you know. things go as they go and i've always made it clear we had a very reliable partner competent partner of both the kingdom also eurabia we have more than thirty million people mostly young people in the kingdom has been a lot of reforms which have been initiated so i think we need to look at all factors

stacey hey max i just want to start with a char and this is the g.e. market cap going back to the it in the eighty's this is the eighty's this is the mid ninety's this is up to two thousand spike and the beginning of the hollowing out of the entire u.s. economy in fact if you look at a lot of big multinational american companies you'll see that sort of pattern this is the beginning of the share buybacks the plundering of the assets that had been developed by the company for years this is the beginning of course of financialization also happened really kicked off in the mid ninety's that released some shareholder value for a moment but then it's been plunging ever since so it looks like g.'s going to go the way of the dodo bird very soon you know when this bull market is over and then it looks like is fast approaching that chart will be it's epitaphs. that's all you need to know. general electric there's an old saying on wall street as general motors goes so goes america well that's not true so much anymore but with general electric it is true it's one

they made the announcement so investors are happy with that because what serves the bottom line of g.e. and these companies is not necessarily what what is best for these communities and certainly what's not not what's best for the workers a chevrolet impala was the first cops have rolled off the assembly nines here half a century ago sixteen million cars later and the lordstown factory could face closure on march first next year there is definitely still hope because i think even even mary barra the c.e.o. of g.m. knows how important mortality is told us and maybe you know why i'm doing this is just a reminder to let her know like there are people like me there are people like me that have children that depend we literally depend on being able to go to work and make good you know money and get our paycheck at the end of the week and if you take that away from us what are we going to do tommy wiley carver and others know that their union the state government and president trump are on their side they just hope that they can keep their plant and their livelihoods going. kickout safety i

reflection of the last episode because we were in the last episode we talked about general electric g.e. and all the share buybacks which did not save that company from well right now it looks like bankruptcy but of course the democrats in the house could rescue it but here is a tweet that shows big u.s. companies spent more money on buying back shares than they did on capital expenditures in the first half of twenty eighteen the last time that happened for two straight quarters was just before the crisis according to this chart from deutsche bank's thorsten stock there you go these are the share buybacks and that's the stock price and we look like we could be in for another crash crash exactly well. a few points there number one share buybacks used to be illegal why for this very reason just hollows the company out it's like debt monetization by government was the u.s. is also engaged but is kind of like that mt is ation for a corporation which follows a corporation and then a corporation collapses number two this is obviously why there's only for structure because companies that are i

talked about general electric g.e. and all the share buybacks which did not save that company from well right now it looks like bankruptcy but of course the democrats in the house could rescue it but here is a tweet that shows big u.s. companies spent more money on buying back shares than they did on capital expenditures in the first half of twenty eighteen the last time that happened for two straight quarters was just before the crisis according to this chart from deutsche bank's thorsten stock there you go these are the share buybacks and that's the stock price and we look like we could be in for another crash crash yeah exactly well. a few points there number one share buybacks used to be illegal why for this very reason just hollows the company out it's like debt monetization by government was the u.s. is also engaged but is kind of like that mt is ation for a corporation which follows a corporation in a corporation collapses number two this is obviously why there's only for structure because companies that are in

us now from london there is hello craig everyone personally will be watching trump interacting with g.e. when his eyes there will be see an increase in a still if he's or a show of unity and cooperation what do you expect. i think in the mirror both leaders will probably want to sell this as a successful talk they don't to be seen to be wasting each of the time both have an interest in cooperation whether this actually leads to anything more significant though is where i become more skeptical whether i'm not convinced that they state for example that will even. the increase in tar if that's one of the year when the two hundred billion dollars which are currently standing at ten percent let alone the own winding of previously impose tariffs i think there's still a lot of discussions to be hott i don't think china is yet willing to cede to the demands of the us which is becoming increasingly hawkish on the trumpet ministrations to the contrary that very disputes aside is there anything or anyone else to watch this g. twenty meeting economically speaking well that's the interesting thing t