he prefers siemens over ge. who do you prefer on the global stage? ge or siemens. vote on nbr.com. >>> for the results from tuesday's global rivals challenge where we asked you to choose between mcdonalds and yum brands. well, the winner is mcdonalds but it was close. 49% of you voted for yum. 51% for micky d's. >>> gm is recalling 29,000 chevy cruze vehicles. gm told dealers to stop selling many of them. that's it for "nightly business report." i'm bill griffeth, thanks for watching. >> i'm susie gharib. have a great evening, everybody. see you tomorrow. >> ♪ get onboard we're ready to go see the world from the scenic railroad from the snowcapped mountains to the sunny coast on the great scenic railway journey ♪ >> ♪ oh, when the train comes along oh, when the train comes along ♪ ♪ gonna meet you at the station when the train comes along ♪ welcome to "great scenic railway journeys."

he prefers siemens over ge. who do you prefer on the global stage? ge or siemens. vote on nbr.com. >>> for the results from tuesday's global rivals challenge where we asked you to choose between mcdonalds and yum brands. well, the winner is mcdonalds but it was close. 49% of you voted for yum. 51% for micky d's. >>> gm is recalling 29,000 chevy cruze vehicles. gm told dealers to stop selling many of them. that's it for "nightly business report." i'm bill griffeth, thanks for watching. >> i'm susie gharib. have a great evening, everybody. see you tomorrow. how go you know if you or a loved one has a.d.d.? answer these five questions. do you have a short attention span? are you easily distracted? do you struggle with organization? do you tend to procrastinate? and do you get yourself into hot water by saying or doing stupid things? if you answered yes to three or more and these symptoms interfere with your life, you may have a.d.d. (female announcer) in this program psychiatrist and nine-time "new york times" best-selling author dr. daniel amen and his wife nurse tan

he prefers siemens over ge. who do you prefer on the global stage? ge or siemens. vote on nbr.com. >>> for the results from tuesday's global rivals challenge where we asked you to choose between mcdonalds and yum brands. well, the winner is mcdonalds but it was close. 49% of you voted for yum. 51% for micky d's. >>> gm is recalling 29,000 chevy cruze vehicles. gm told dealers to stop selling many of them. that's it for "nightly business report." i'm bill griffeth, thanks for watching. >> i'm susie gharib. have a great evening, everybody. see you tomorrow. >> this is "bbc world news america." >> funding of this presentation is made possible by the freeman foundation. newman's own foundation, giving all profits to charity and pursuing the common good for over 30 years kovler foundation. and union bank. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored

ge might improve its offer.hey might announce, in the coming days, some partnership with a french money -- a french company. that would be something that might help the government to support ge's bid. >> thank you for joining us today. >> thank you very much. >> china's premier has begun his three-day visit to britain. joining us to take a look at what this means is manus cranny. the trip marks a positive set of relationships between china and britain. things have been strained in recent years. >> one could say in eight deep freeze. it is an official visit, but there is a bit of pomp and ceremony. you cannot beat that with a big stick. 200 liters from china will -- li with the catching kaching. david cameron saying we have done more business with china in the past 12 months than in the past 30 years. it is important for both sides. li says he wants to change the misperceptions and misgivings of china. cameron, it is critically important that he changes his relationship. to give you a sense, $70 billion worth of

it's what dan tried to do with the bullish bet on ge.ant was headed higher. >> options are cheap. the stock looks poised for a breakout. >> but buying the stock 100 shares set him back almost $3,000. >> oh, right, i'll have the put the question another way. >> so to spend less, dan bought the july 28 call for 16 cents. that gives dan the right to buy ge shares at that vike price. now, to make money, he needs shares of ge to rise above the $28 strike price by more than the cost of the trade or above $28.16 by july exper ration. anything below that level, and dan will see losses, but the losses capped to the 16 cents he's spending. it gets better. if ge shares rise, the call increases in value faster than the stock meaning more money in dan's pocket. >> yeah! >> but since the time of the trade, ge shares have dropped 2%, making this trade a loser. >> and, eventually, we shall succeed. >> and now "options action" fans want to know, what do you do with the ge trade now? >> before we answer the question, dan, maybe this makes you feel better.

caroline, tell us about ge is improved offer. improved offer. >> they decided to react to the offer by mitsubishi by making his offer more complex. before, it was a simple takeover of alstom's energy assets. now ge is offering to create some joint ventures with alstom in power grids, in renewables, as well as on reliance in nuclear technology. in addition, ge is offering to 's rail signaling business to oust him. alstom is saying that this new goodbye ge could also reduce the cash component by 25-30%. ge is hoping that this revised term will be enough to convince the french government and the french president, francois hollande, that this date is better for alstom. they will be meeting later today right here. open thedent will meeting with siemens and mitsubishi leaders. siemens, mitsubishi offer could be improved by 150 million euros. the ge offer is significantly improved and the government was right to interview them. >> you got some reaction. >> that's right, i talked to some union numbers of alstom last night. it was just af

>> well, that and why ge's underperforming the market so badly.e'll tell you what it could mean for the rally. that's when "options action" returns. [bell rings] ♪ time and sales data. split-second stats. ♪ its so close to the options floor, you'll bust your brain-box. all on thinkorswim, from td ameritrade. [b♪ll rings] time and sales data. split-second stats. ♪ its so close to the options floor, you'll bust your brain-box. all on thinkorswim, from td ameritrade. >>> welcome back to "options action," we have a change in the indices to tell you about with the s&p 500. u.s. steel will be removed from the s&p 500 and will be replaced by martin marietta materials, mlm the ticker there. so again, martin marietta who makes the construction supplies, the concrete and stuff into the as falt, they're going in,. it's demoted to the 400, and mln, and they are smaller companies, $6 billion market cap and u.s. steel is a $3 billion market cap. back to you guys. >> thanks, dom, interesting both are plays on the u.s. economy. >> more on the u.s. housing economy

ge is a gdp stock. on an operating basis, they are not performing on -- >> the largest market cap company in the world just went up 15% in a straight line, apple computer. >> there's an opportunity here. first of all, i want to point out something. ge is trading at below market multiple. it's a couple turns cheaper than the s&p. that's the first thing. the second thing is look at how much he's spending on these 28 strike calls. 16 cents. that's just a little over a half a percent of the current stock price. it doesn't need to move very far. here is something else, those options aren't going to decay that rapidly. here's the reason. he already highlighted, they have earnings coming out that day. there's always going to be a little bit of a bid for optionality going into that event. that's a really, really cheap way. this is the opportunity we were talking about. options are so cheap, i don't see how if you're going to make a bullish bet in ge that doesn't look like a favorable trade. >> to carter's point

about ge's offer. the ge offer would dismantle the french company.e wants to create a european rail champion. that was one of the issues. are quite keen on their trains. they are quite keen to hang on them. >> the question is what g comes back with. -- ge comes back with. they have already promised to secure jobs. the ball is back in their court. >> the politics may be over industrial logic. how are the markets digesting all of this? manus cranny has more. is nother there is logic known. numbers are coming in in terms of the auto providers. goldman sachs says stocks will rise by eight and half percent throughout the next 12 months. organ stanley says you will get a rise of about 5%. go to my twitter account and i will tweak the rest of the estimates. chanceents have had the to read that first. that was the story that was on this morning. that is helping their numbers rise pretty well. that insulation hated that you mentioned, the lowest in almost four and a half years. you are paying less to jump on an airplane. less on your energy. england have of r

but financing from ge capital also comes with expertise from across ge. in this case, our top lean process engineers. so they showed us who does what, when, and where. then we hit them with the important question: why? why put the tools over there? do you really need those five steps? what if you can do it in two? whoo, that's an interesting question. ideas for improvement started pouring out. with a little help from us, they actually doubled their output speed. a hundred percent bump in efficiency. if you just need a loan, just call a bank. but at ge capital, we're builders. and what we know... can help you grow. ♪ they lived. ♪ they lived. ♪ they lived. ♪

does it make sense for ge and alstom? >> ge would not have signed it otherwise. am against government intervention in general. but it made sense. it is a strategy company for france and provides a lot of of our energy and nuclear reactors and manufacturing the iconic tv and saved from bankruptcy. it makes kind of sense that the government got involved. don't you think there is a risk that companies looking at what happened, the economy minister actually asking siemens to come in with a rival bid and that intervention am i to deter a foreign business -- that intervention might deter a foreign business? because the bid went through and ge got what they wanted. when you compare it to other government roles, bear in mind, that it was blocked. the u.s. government blocked chinese takeovers in 2005. even though the government blocked the takeover by lloyds of ab national. at the end of the day, the deal went through and took a lot of time, but everybody pretty much got what they wanted. >> are there any lessons learned from the deal? >> yeah, the main lesson is that alt

he said the ge saga caused ge to sit out the largest part of the rally., you will see exactly what he meant by that. but here's a deal where,

ge's bid basically is 16 -- ge e's bid 16.9 billion. changed from the original. it will form three joint ventures with alstom, in nukes, renewables and grid. french government has taken a 20% stake in alstom, becoming its largest shareholder and ge will sell its signaling business to alstom to bolster its transportation business for $825 million. expected of four to six cents in the first year and six to eight cents in year two will be less. it raises questions how intrusive the french government might be when it comes to hiring and expansion for the joint ventures ge, underperformed the deal since when ml took over in september 2000, a big step in lessening its dependence on a finance arm that nearly took it down during the financial crisis. what ge predicts over 65%, the company's made a big step with the power business. ge has been shrisking its finance business and sending the consumer finance business for $950. >> general electric has a history of working with the french government. a successful -- they might not have publicized it -- a successful aero joint

from td ameritrade. >>> what's wrong with ge?p, one of the biggest names is actually down 6%. that's bad news for dan nathan. >> "options action," titans of industry, and risk less to make more. and that's what dan tried to do with his bullish bet on ge. thought it was headed higher. but buying 100 shares would set him back almost $300,000. and the july 28th call for 16 cents, he can buy at that price. -- more than the cost of the trade, or by $28.16 by july expiration. anything below that, and dan will see losses. and it gets even better. if ge shares rise, the call will increase in value faster than the stock. meaning more money in dan's pocket. but since the time of the trade, it's dropped more than 2%. making this trade a loser. now options fans wondering what to do with the ge trade now? well, if you had bought 100 shares on june 6th, you would lose $75. what do you do now, and why do you think that ge is not participating in this rally? >> well, the prior high was $28. if you go out of the money, and don't spend a whole hec

board deciding's that they would approve ge's revised offer. that came after the french state said that they would also back ge on the condition that they take a 20% stake in alstom. that is when it became complicated. s and the french state could not agree on a price. they tried to come to a compromise. stake in 20king the months. this morning, the economy that no priceying has been fixed yet and bouygues still wants 35 euros per share when the government offered 28 euros per share. minister is also saying that the state determination was in the interest of france. reaction.ve some on a conference call this morning, he said that thanks to the cash injection from ge, could's transport unit see some acquisition. he is also saying that the deal with ge is positive for the company and tomorrow, the ceo of alstom and the ceo of ge are both going to the east of france together. that is an important part of alstom's business in france. it is an historical factory and it is also where ge makes gas turbines. >> thank you so much. clearly a big victory

ge is one of them. down 3.5% for the year. we have a five-year chart, that chart right there is the price. to me $28. that's the previous high. that's the quote last tick of 2013. that's what i want to gun for. in july, they report on the morning of july expiration, july 18th. options are cheap t. stock looks poised for a breakout. if there is any good news, joy global this week. >> monster move. >> the earnings -- >> take it easy here. >> hold on. it was up 11% in two days. it broke out to 52-week highs. this is the same trade, targeting ge's earnings when the stock was 2712 today i bought the july 18 call for 16 cents, that's less than 1% of the underlie, if that stock gets back to the highs, it breaks out, asymmetric. you are risking little. >> ge is $270 billion. all it does is inmoo, it's a high beta stock. ge is a gdp stock. >> the largest market cap company in the world went up 15%. >> in a straight line. >> wait, i think there is an opportunity here. first of all, i want for the point out something, ge is trading below

you had them approving ge's revise offer. they saidfter they would back the position if they took a 20% stake. they couldn't agree on the price. to sell the shares for 34 euros a share, which is six euros higher than the closing price on friday night. finally, we had a compromise with the french government. the french government will have an option for 20 months to buy shares at the best price according to the economy minister. he says he prefers to wait to get the best price not to spend too much money of taxpayers money. is ge's biggest acquisition ever. they would create three joint renewables. assetslues alstom energy at 4 billion euros, which is a bit less than before. they will reduce that to return cash to shareholders and to boost the train division. the train division has financial difficulties. that is what they will use the cash for primarily. they are also planning to invest 2.5 billion euros in the joint venture. >> thank you very much. just to bring you up to speed, this is a fashion retail business that suffere

it could be more job guarantees, it could be transferring ge's rail business to oust him, but ge foreed to keep lobbying in paris with the french government. consider both offers in the coming days. >> china's premier again his three-day visit to britain. here's what it means to businesses on the markets very at it is positive, because relationships between the two countries in the last three years have not been the best, have they? >> they certainly haven't. one could either choose icebox, deep-freeze or, bit like us when we have a fall over syntax of a story. i go one way and you go the opposite direction. it is a recalibration of the sino-u.k. relationship. the two things that you don't do if you want to have good relations with china? to be fair, david cameron making the point. it is an official visit, not a state visit, a little bit less about the queen and more about .ameron and business both have a lot to deal with. lee said he wanted to change the misperceptions. under his tenure, exports have risen by 50%. worth of bilateral trade. it is critical to get this relationship rig

>> yes, i think ge can improve its offer.arding siemens and mitsubishi, the french government asked for the french toister who once to -- wants see siemens offer. ge's offer is better. assets is not -- [indiscernible] >> thank you. we'll be back with more in 2. ♪ >> good morning and welcome back. time for our new energy slot. our guest said we are in a decentralized reality. he produced the inability to react will leave it to the same fate as the big music labels of the 1990's was a digitalization of our world. the first crowd funded website. bruce, good morning. walk us through. a simple business model. we allow people to invest directly into the u.k. and across europe. and today invest by the venture which allows them to get return based on a share of cash made. in this case, clean energy. 7%-9%.between that, getting some of the money back. very long-term, 20 years for people investing. >> out of curiosity -- >> we are regulated by the fca. these are investment products. they are transferable. and from the energy side, it i

only purpose is to reach an agreement with ge. ge will win this battle.ious for me. >> what is the timescale on all of this? have a formal offer from siemens on mitsubishi. france ceo will go to and will meet with parliament. geexpect upper management of and mitsubishi will meet in france. the deadline for the deal is next week, the 23rd. we should expect alstrom -- alstom will make an agreement with ge. ask thank you for -- >> thank you for joining us. thehes in iraq drive up price of oil. we will put the latest violence into context and weigh the impact on energy prices. ♪ >> i am anna edwards. forces crackedt down on the sunni militants who took much of the country's northern region last week. fears of instability have sent big waves through oil markets. for more on all of this, i am joined by jason as well as ryan chilcote. ryan, perhaps you can bring us up to speed. >> the latest is the iraqi government is pushing back on the militants. we have the militants still in --trol of the second busiest second biggest city in iraq as well as in control of pa

comes as ge also is improving its offer on alstom last night.cash component but on conditions, improved conditions on jobs saying they will also create some joint ventures with alstom as well as an alliance in nuclear technology. sell its rail to signaling business to alstom. a lot is at stake for the french company and its 18,000 employees. a decision will be made on monday. moment, julie, this is not just make or break for the french and alstom but make or break for immelt. >> potentially for his legacy. happen, there is some potential according to an analyst who spoke to that he can be laid at the feet of the french government. he is making a full-court press which shows how significant this is. pushwould solidify the jeff immelt has made to return g2 it's industrial roots and the ill-advised detour down their financial path that it took prior to the financial crisis. it's the chance to potentially boost the talk -- the stock price if the deal goes through. if the stock price goes up, that will be something he can point to as a more positive

-- beat out ge. it is time to take a look at what weekly magazines have been saying. lots of focus on the continuing crisis in iraq. >> things are moving very quickly. this says the jihadist offensive in iraq is destabilizing the whole region. it talks about an implosion in the middle east. it looks at how various media is covering the violence in iraq. an article from the "new york focuses on the big winner of the situation, iran. it says as the u.s. hesitates as to how it should react, iran is stepping in to fill the void. the malikid to back government and has already sent elite forces into iraq to help the iraqi army. the rest ofrticle, the international community is criticized for the fact it is not reacting to this violence, not doing enough to stop the violence in iraq but syria as well. you can see some western leaders their eyes,ls in blinding them, that being the world cup. you can see the below with big smiles on their faces saying this is awesome, we have four weeks without referees. basi

more on the ge $17 billion offer. the deadline is coming up, monday. >> do we know who has the upper hand? >> they like to use offer, but are being pressured by the french government to take a hard look at what siemens and mitsubishi have put together. >> which is $2 billion more than ge's offer, but it is complex because there are three buyers and destroying -- string adventure. >> this will play out. jeffrey immelt has been on a road. >> within the iraq story, we have to make this clear, here's a headline from ata, iraqi forces regained full control of the oil refinery. we need to be careful with that. >> that is a concern. in close to baghdad, too. about 35 to 40 miles. >> those are the from page stories on this thursday morning. >> our guest host this morning, of globald president strategies on janet yellen and the fed and his call on a more tepid american economic experiment. also, bryan white with the chertoff group, senior official with the department of homeland security. let's begin with what we observed yest

real superior french technology for ge. >> focusing on industrial getting what from ge capital.att, i remember several years ago when in ceo was trying to buy honeywell and there were so many disasters that ge was going up to make and he said it was ultimately not worth it. were there any divestiture here that were close to scuttling the deal? >> good question. sometimes you see in these deals the chief executives get in their minds and want to get something done and they will sign up to almost any concession to get there. ge does it seem to be doing that here. these are jv's they're talking about for the power grid bit of alstom, but from just immelt's perspective, he'll still get the jewel, the natural gas. ge is making a big bet on the gas revolution going on in the u.s. and in china. that is what matters for jeff immelt. >> he appeared before the national assembly of france. that was rare. i wonder if you set a new president for getting european approval for a deal. >> i think that is also something we will have to watch. french politicians are very happy with this. they see

bid. -- ge-alstom bid. industryat minister is an impressive character, which i thought was interesting. many people have described him in other ways. britain has had a whole series of takeovers by foreign companies which have caused return. cadbury's sparked all this. we have the astrazeneca story. that has gone away. i asked whether he thought the french were acting appropriately and the way they were handing the alstom story. >> the rhetoric in france shouldn't detract from the underlying reality, which is the same reality we haven't a u.k. that is not to say there are instances -- the issue you mentioned about alstom in france is one. we have had this issue in the u.k. where we have been concerned about the potential impact of a pfizer takeover of astrazeneca. the way we dealt with it is by engaging with the company, pfizer to secure long-term commitments. awaye event they have gone , at least for the time being. clear there was a national interest. >> let's face it, the lib dems are going through a torr

it will become a joint venture with ge.lstrom ceo, it means the end of a long struggle with the french government. now he wants to move to the next step -- getting the unions on board and final approval from shareholders. >> stay with bloomberg television. guy johnson and olivia sterns are up next with "the poles." ♪ . . >> sanctioned showdown. the u.s. prepares penalties. >> in the bag. why he says he will be the president of the european commission by the end of this week. >> extreme ipo. a wearable camera maker. a $3 billion valuation. ♪ >> good morning. you are watching the polls.

. ♪ my mom works at ge.ore advice than i knew what to do with. what i needed was information i could trust on how to take care of me and my baby. luckily, unitedhealthcare has a simple program that helps moms stay on track with their doctors and get the right care and guidance-before and after the baby is born. simple is good right now. (anncr vo) innovations that work for you. that's health in numbers. unitedhealthcare. >>> congress and the nation had reminders today while the world seems suspended by our tragedy, it really kept on it's whirling way. vietnam reports today in the bloodiest fighting in almost a year. >> bob, how are we doing? >> oh, fine, mr. president. >> i want you to dictate to me on the situation in vietnam. i've got to have some kind of a summarized logical factual analysis of it. >> well, i do think, mr. president, it would be wise for you to say as little as possible. the frank answer, we don't know what is going on out there. the signs i see coming through the tables are disturbing si

could be more guarantees offered by ge on the bid.o people familiar with the matter, ge will increase the number of job creation. they have promised to create 1000 french jobs over the next two years. they want to make sure the french retain access to nuclear technology. response to siemens lobbying yesterday in paris. ceo,-- joe kaeser, the was in front of lawmakers arguing for his date with mitsubishi, he said it would safeguard french jobs. >> we do not make an offer to harm another company or harm somebody. we want an offer that will be useful to everyone -- to alstom, mitsubishi, siemens, and all some employees, -- to the alstom employees who are proud of their company. dismantling.ut on the contrary, to reinforce the group. >> that is testimony by the siemens ceo. three weeks after jeffrey immelt. lawmakers seeing more ceos than they have in a long time. in france, getting to stay on board is almost as important as theshareholders -- getting state on board is almost as important as getting the shareholders. >> talk about mitsubi

ge is a gdp stock. they are not performing on -- >> the largest market cap company in the world just went up 15% in a straight line, apple computer. >> there's an opportunity here. first of all, i want to point out something. ge is trading at below market multiple. it's a couple turns cheaper than the s&p. that's the first thing. the second thing is look at how much he's spending on these 28 strike calls. 16 cents. that's just a little over a half a percent of the current stock price. it doesn't need to move very far. here is something else, those options aren't going to decay that rapidly. they have earnings coming out that day. there's always going to be a little bit of a bid for optionality going into that event. that's a really, really cheap way. this is the opportunity we were talking about. options are so cheap, i don't see how if you're going to make a bullish bet that doesn't look like a favorable trade. >> to carter's point, ge does not have the same beta as joy global. do you think ge will mee

a's really trying to make name for himself. >> what is ge's response?here is it likely to be flexible -- high stack, john guarantees, joint ventures -- guarantees,joint joint ventures? bonds ge canere is think of, jeff immelt alluded to it in front of french lawmakers and spoke about giving the rails signaling business to alstom. the siemens cash offer was billion fromout $4 the siemens upside, and almond from mitsubishi as well. guarantees and giving business to a french economy in terms of units, which will remain friends, those will be the fiscal elements -- the two helmets. >> if you are a ge or alstom sh areholder, which is more compelling? >> the argument siemens has made is that if alstom is left as just a trail maker, what the ge deal would do, it would be hard. this has been a lossmaking business, even if they get control of the siemens train business, siemens is thinking about offering alstom its trains business to combine them. it will not be able to get the financing to build these trains. they valuable assets will not be part of alstom anym

ge says they will improve their cash component.eir offer less creating less joint ventures and creating a joint venture with oust him -- als tom. tension is rising, a lot is at stake for alstom. we will wait and see what is the reaction from the french government later today. >> talk to me about the union reaction for this. they are having a huge influence, the unions. i guess the politics is reflecting that. what have they been saying? >> that's right. the unions of oust him -- alstom met with jeffrey immelt himself yesterday in paris. the reactions were pretty mixed after the new, improved offer from ge. instead of just taking over the energy assets, they will also create joint ventures with alstom, they will also create their well business to alstom. mixed reaction. some say they are reassured in terms of job guarantees. some say it will still mean the dismantling of alstom. back in the race compared to siemens and mitsubishi. ,nd there is a lot of unknowns especially about the joint ventures and the maintenance of the turbines.

ge, itself, blocked.mpany came in say we own 27% and we will sell staked they have a bigger so ge has a free range. that is what happened. often will get money of course. -- alstom will get money of course. that will boost by getting operations unit from ge. it helped the debt which is good. invest 2.5 billion euros in have ais promising to french presence across the world. that political dell actually was what one. why was it so important to be french? >> the french government, some have a law, a national interest. alstom is one of them. where theyinterest will get involved. president hollande and siemens ceo and back and forth to discuss this. [indiscernible] this, you have to be very careful. a great achievement for jack wells. on the steps said he heard that agreed on it. >> i have decided, it was a major issue for the french government that the state would enter that to the subject of the discussion at the moment and this is a major condition so that the government excels the alliance between general

ge with its strategy. got to have a 50/50 joint venture -- >> they can't complain about the french government. they can't complain -- >> but they've had a joint gent your with the french government in an engine contract for years. it worked fine. obviously they think they can manage it. if you had your druthers would you architect it this way? no. but is it worthwhile in terms of getting the bigger picture? i guess it was. >> people going to be visiting your operations, and take paris or siberia, the rich creamy sauces or the wine. >> you go to paris to meet with your -- >> it's a nice operation. >> on the champs-elysees. >> at that place -- >> want to work 35 hours a week, as you know. and they ask you not to make decisions. >> exactly. and no e-mails or phone calls after like, noon on friday. i think. >> but anyway i think it's a good deal for ge and even though they had to make compromises, i think down the road it will turn out to be -- >> and it helps with lessening their dependence on the capital. >>

this afternoon, the ge meeting will be just before that. alstom board has got until monday to decide on which bid is best. in the meantime, they said they would not communicate on the matter. >> thank you. never has the heavy machinery industry been so exciting. share pricesng its higher after confirmation of several takeover bids. all of which have been rejected. the company is best known for its add drugs. here to discuss is matt campbell. matt, good to see you. so what is so attractive about shirea? >> it is a perennial m&a rumor. the thing about the rumors, eventually something does happen. abve which was spun off from abbott labs has made three attempts to buy shire, all rejected but abve has gone public, which will have the effect of lighting a fire under shire's shareholders. now what is attractive are a couple things -- number one, the zip code. shire is an irish company. ireland has a rate of corporate tax of 13.5%. then it also makes some interesting drugs, notably adderall. what we have seen in the pharma these block buster drugs

but financing from ge capital also comes with expertise from across ge.s what, when, and where. then we hit them with the important question: why? why put the tools over there? do you really need those five steps? what if you can do it in two? whoo, that's an interesting question. ideas for improvement started pouring out. with a little help from us, they actually doubled their output speed. a hundred percent bump in efficiency. if you just need a loan, just call a bank. but at ge capital, we're builders. and what we know... can help you grow. >>> we had a beautiful weekend, didn't we? this was about as best as it ever got. perfect for a high school graduation that took place outside. joining us now bill karins with a check on the forecast. bill, what i'm thinking is we could have this weather for exactly the whole summer and that would be good. >> how great would that be? low humidity. cool nights and warm days. yeah, graduation, i'm glad that went well, mika. fantastic start to our early summer in many areas. i have to keep you posted, mika. ever start

ge also saying it would add 1,000 jobs.ntees in the proposed bid from mitsubishi and siemen's. again, ge saying it will not engage in a bidding war for alstom. back to you. >> thanks for that news on ge. now let's take it back to france where kara swisher has spotted search sharks on google beach and a yahoo! rickshaw. did you get in? i know you were concerned whether it was going for a long ride off a short pier. >> reporter: yeah, yeah. i was scared there was a button that you push and i'd be knocked out the top. i might land into a pile of ad execs who are on the beach. that was okay. anyway, here i am. >> so what are you seeing out there? i mean, originally, this is an advertising conference. now they're calling it -- it's all about creativity, these conferences, sort of expanding their mandate. >> right. >> more interesting people there, just because of what we see happening with the convergence of tech and content? what are you seeing? >> well, i'm seeing a boat full of people drinking on a yacht right now, but actual

at ge capital, we do a whole lot more than just the financing. we bring expertise from across ge.so i call in our access ge engineers, and together with columbia, we work backwards. from the cabinet factory, to the finishing plant, to the place they peel the logs. and sure enough, we find the source and help replace the machine. problem solved. defects go away, and everybody sleeps better. if you just need a loan, just call a bank. but at ge capital, we're builders. what we know, can help you grow. and cialis for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long term injury, get medical help right away for an erection lasting

but financing from ge capital also comes with expertise from across ge. lean process engineers. so they showed us who does what, when, and where. then we hit them with the important question: why? why put the tools over there? do you really need those five steps? what if you can do it in two? whoo, that's an interesting question. ideas for improvement started pouring out. with a little help from us, they actually doubled their output speed. a hundred percent bump in efficiency. if you just need a loan, just call a bank. but at ge capital, we're builders. and what we know... can help you grow. this is mike. his long race day starts with back pain... ...and a choice. take 4 advil in a day which is 2 aleve... ...for all day relief. "start your engines" >>> times are changing, and we know longer believe in a flat earth. now we know that homosexuality is no longer a choice. so why don't we change our position on that, as well? we have to. >> that was reverend frank schaefer speaking here last december. at the time he had been defrocked from the united methodis

siemens-alstom-ge? are you interested in this big battle? >> i am very nervous.hat are the positive developments? it has been a reformist agenda in france and italy. we do need to see the french agenda being much more pro-shareholder and less constraining. >> james, thank you for joining us. london tech week continues with a look at the smart revolution. of theake a tour connected home. you.have another guest for [no audio] ♪ >> welcome back to "on the move ." shares of malaysian air are poised for their highest growth in months. the stock is gained 23% over the past three games. the state investment company recently said the struggling carrier would be able to maintain its public testing. bnp paribas is sticking with the plan to expand its american bank last division -- bank west division. potential $10 billion penalty from the u.s. over its dealing with sanctioned countries. the eu will have to rely on antitrust and privacy rules to curb google search engine dominance. that is according to the german interior minister. the comments from response to critics who

according to a newspaper this morning, and fax, a new ge bid could come as soon as this a new ge bidfactsoon as this friday. . >> what did we learn? >> the question is whether they will accept selling part of mitsubishi. the have offered 900 million euros. at the moment, they said that they want to keep the stake in the long-term. yesterday, told french lawmakers that he had been in contact and discussions were ongoing. i asked the same question to the mitsubishi ceo yesterday on whether he was confident that they will accept his offer. >> i do not know. it is up to them. we have not received any comments, at this moment. ceo will testify in front of french loss make -- french lawmakers. >> thank you very much. is it a housing stock or a tech company? a mixture of both? we are getting information on the pricing this morning. the daily mail is part owner of zoopla. the price is being set. the total market capitalization will be 918.8 million pounds. various other shareholders are telling us what kind of money they are going to make on the back of that. countrywide says that they will real

but at ge capital we also bring expertise from across ge, like lean process engineers we asked who does what, when, where, and why that step first? ideas for improvement started pouring out. with a little help from us, they actually doubled their output speed. if you just need a loan, just call a bank. at ge capital, we're builders. and what we know... can help you grow. female announcer: it's sleep train's interest free for 3 event. get three years interest-free financing on beautyrest black, stearns & foster, serta icomfort; even tempur-pedic. plus, get free delivery, and sleep train's 100-day low price guarantee. you'll never find an interest rate lower than sleep train's interest free for 3 event, on now. ♪ sleep train ♪ ♪ your ticket to a better night's sleep ♪ >>> simple soldiers, some who traveled here to normandy tonight are here to reremember and honor their comrades. they were willing to sacrifice everything for the greater good of humanity. thank god that they did. >> army chief of staff ray owedier no playing tribute to veterans on the eve of the historic anniversary. i talk

he said the ge saga caused ge to sit out the largest part of the rally. if you look at ge's stock, you will see exactly what he meant by that. but here's a deal where, you know, immelt goes over there, and the only way to get the deal done is the french minister says give me a piece of the action. >> it was less cash, but i don't know, i read some other commentary over the weekend that it would be less profitable near term -- >> right. >> -- than it would have been for general electric, but they wanted it badly, and general electric and ge, jeff immelt, wanted to get the ge financial services part of the business below 30%, and this does that in a much more -- >> but now your partner is the government. >> right. >> officially. i mean it was sort of unofficial to begin with. >> you know what, andrew, if you look at, and remember jeff, a republican -- >> yep. >> -- signed on early to the obama administration because you have -- ge has to deal with governments everywhere. and people call it crony capitalism, but we certainly have -- this isn't the first gove

but financing from ge capital also comes with expertise from across ge.ase, our top lean process engineers. so they showed us who does what, when, and where. then we hit them with the important question: why? why put the tools over there? do you really need those five steps? what if you can do it in two? whoo, that's an interesting question. ideas for improvement started pouring out. with a little help from us, they actually doubled their output speed. a hundred percent bump in efficiency. if you just need a loan, just call a bank. but at ge capital, we're builders. and what we know... can help you grow. >>> it has been called unconstitutional, a violation of the fourth amendment, not to mention ineffective. it is the nsa's phone surveillance program revealed by edward snowden one year ago. despite being deemed unconstitutional by members of congress as well as one federal court, on friday afternoon that program was renewed by the fisa court for the next 90 days. it marks the 36th time the program has been renewed since it was first started in 2006. and w

maybe ge has something to learn from previous transatlantic tieups. we take a closer look now at some of them. is the cfm 56, 1 of the top-selling aircraft engines. the fuel efficiency has made it a commercial blockbuster. it powers every single boeing 737 and more than half of the global fleet of airbus 370. it is a joint venture between general electric and these france subsidiaries. >> ge produces the hot section of the engine, the central section. and we produce the other, the cold section. we have a balance both on the development side and production. cfm androduction of the has created jobs and france over the last three years but while the alliance has had a smooth journey, the marriage between french alcatel turmoil.t has a hit they turned to each other in 2006 when both were facing challenges. overlapping jobs on the french and american sides and infighting between executives undermine their business. eight years and six redundancy plans later, alcatel lucent is slowly turning itself around. he believes the most recent restructuring was the l

but financing from ge capital also comes with expertise from across ge. our top lean process engineers. so they showed us who does what, when, and where. then we hit them with the important question: why? why put the tools over there? do you really need those five steps? what if you can do it in two? whoo, that's an interesting question. ideas for improvement started pouring out. with a little help from us, they actually doubled their output speed. a hundred percent bump in efficiency. if you just need a loan, just call a bank. but at ge capital, we're builders. and what we know... can help you grow. transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it's no surprise to you that companies depend on today's xerox for services that simplify how work gets done. which is...pretty much what we've always stood for. with xerox, you're ready for real business. which is...pretty much

. ♪ ♪ hooking up the country whelping business run ♪ my mom works at ge. ♪ trains!e. ♪ tracks! they connect the factories built along the lines. and that means jobs, lots of people, making lots and lots of things. let's get your business rolling now, everybody sing. ♪ norfolk southern what's your function? ♪ ♪ helping this big country move ahead as one ♪ ♪ norfolk southern how's that function? ♪ >>> in the name of the greatest people that have ever walked this earth, i draw the line in the dust and toss the gauntlet and i say segregation now, segregation tomorrow and segregation forever. >> george wallace became a figure for white southerners and when he promised segregation forever to the resistant white south. >> i'm sorry mr. wallace, god has spoken to me. that he wants freedom for his people. it may even mean physical death but if it means that i will die standing up for the freedom of my people, god has spoken to me. >> king very wisely sees an opportunity to give more exposure to the sieve rights movement and prod the kennedy administration. >> martin luther k

but financing from ge capital also comes with expertise from across ge.n this case, our top lean process engineers. so they showed us who does what, when, and where. then we hit them with the important question: why? why put the tools over there? do you really need those five steps? what if you can do it in two? whoo, that's an interesting question. ideas for improvement started pouring out. with a little help from us, they actually doubled their output speed. a hundred percent bump in efficiency. if you just need a loan, just call a bank. but at ge capital, we're builders. and what we know... can help you grow. smoke? nah, i'm good. [ male announcer ] celebrate every win with nicoderm cq, the unique patch with time release smartcontrol technology that helps prevent the urge to smoke all day long. help prevent your cravings with nicoderm cq. >>> usa! usa! usa! >> this the spotlight tonight, world cup fever. even with a loss to germany today, the u.s. soccer team is advancing to the next round of the world cup, and it seems like almost everyone was taking

but financing from ge capital also comes with expertise from across ge.ase, our top lean process engineers. so they showed us who does what, when, and where. then we hit them with the important question: why? why put the tools over there? do you really need those five steps? what if you can do it in two? whoo, that's an interesting question. ideas for improvement started pouring out. with a little help from us, they actually doubled their output speed. a hundred percent bump in efficiency. if you just need a loan, just call a bank. but at ge capital, we're builders. and what we know... can help you grow. >>> finally tonight, creating tri -- triumph out of tragedy. 32 people are killed by guns every day. shattered family members have to find the strength to go on. one is the nba's newest star, 22-year-old spurs player kawai leonard. six years ago he was still in high school. his father was gunned down while working at the family's car wash in l.a. leonard was left alone with his mother. but he didn't let his loss keep him back. he went to college, then the