bertha coombs has more on the changes at ge. >> reporter: ge is in the mist of a big transition with french energy firm and plans to spin off its credit card unit from a move from the ceo to shrink the financial arm ge capital. >> he is really accelerating the rate of change in the portfolio. with the three transactions going on that will change the composition of revenues by over 15%. >> reporter: ge's oil and gas and aviation drove profits in the second quarter while hospitals bought less equipment. with the awesome deal, 75% of ge's earnings will be driven by its industrial businesses by the end of 2016. a large bet on energy in europe that's expected to add to earnings. >> they see it as a credible possibility for them to have a business model that actually grows faster both on the top line and bottom line than what they were doing five years ago. >> reporter: the company expects to race $3.25 billion from the spin off of the credit card unit in an ipo later this year. for some investors them moving parts create too much of a head wind for the stock near term, especially until th

that makes up about 70% of ge's revenue and also the main profit driver behind ge capital.hat is where the growth is going to be for now. what is ge going to look like in the next decade? what is the growth driver there? >> i think starting in 2016, once the transaction is completed next year, power and water will be the principal fulcrum behind the industrial growth and return to double-digit cost certainly, earnings growth, and strong mid to upper single organic growth. as you get out to the end of the decade, ge is working diligently to try to make a very destructive move in the oil and gas that your, and that is to bring -- sector, and that is to bring processing for oil and gas -- today done at the surface -- to the seabed floor. if you do that, it is a dynamic change in the cost of recovering offshore oil. >> does ge have everything it needs to fulfill that ambition, or is oil and gas the next frontier for an acquisition? about $15ay, ge spent million not has years to spin a $20 billion business. it is a $300 billion business and the oil and gas sector. probably 95% o

ge, general electric. >> we took 600 folks from npa and the domestic workers to the ge's lobbying operationhere in washington, dc. and it was to really go directly to the people that are responsible for the tax dodging that ge is engaged in, and bring the message directly to them. >> ge, we're ending your tax dodging today! >> that's right. whoo! pay your fair share. >> in a time that they've made 30 billion in profit, they've gotten 3 billion back in tax refunds. we need to expose them directly and go toe to toe with corporate power. >> once we get off the bus, remember don't run, walk quietly, calmly, and quickly. don't engage with police. i know we have three police liaisons; can you raise your hands? whoo! >> this is where we get off. >> here we go, guys. >> alright, let's go, let's move. let's move. >> excuse me, excuse me. no, no, no. >> we are here today -- >> we are here today -- >> because we've had enough -- >> because we've had enough -- >> we've had enough of cuts to our schools -- >> we've had enough of cuts to our schools -- >> medicare and medicaid -- >> medicare and medicaid

fortunately, they get financing from ge capital. we not only have teams dedicated to the food industry, we're also part of ge, a company that's built hundreds of factories. so we could bring in experts to help king's hawaiian make sense of transportation routes, supply chains, labor pools, and zoning to help them make the right decision. and, i'd like to think, to make their founder proud. if you just need a loan, just call a bank. at ge capital, we're builders. and what we know, can help you grow. wouldn't it be great if hiring plumbers, shopping online is as easy as it gets. carpenters and even piano tuners were just as simple? thanks to angie's list, now it is. start shopping online from a list of top-rated providers. visit angieslist.com today. >>> time now to get down to business. >> two tech stories on our radar. first up, apple has reportedly asked suppliers to produce up to 80 million large screen iphones this year. the new iphone 6 is expected to come with a 4.7 or 5 and a half inch screen. the report is that it's larger th

for shareholders, is there any concern for a possible exit by ge at some point echo >> ge said they willsome point? >> ge said they will do some type of exchange. they could sell a big lock of stuff, which may be a bi concero some shareholders. it is still up in the air. that is a question that investors were asking management at the roadshow. >> we had some ipos that were focused -- were consumer focused. >> we have synchrony, which was number one, the auto lender .pinoff and another auto lender they operate in totally different sectors. it is interesting that they were the biggest ipos so far this year. >> why is that? >> there is a lot of investor demand in these companies that there isd products to high reward potential. issuesave individual that have caused them to trade down, but it was something that investors were interested in, especially early on in the year. >> some of the bankers who worked on this ipo worked on alibaba. what is going on with alibaba? >> alibaba is waiting until september. they have a couple more weeks to get things figured out. we should start to see some ac

at ge capital, we're builders. and what we know, can help you grow. . >>> we got ed.com, i guess i picked up a lot of glenn beck fans over the weekend. >> also you can get my podcast, ring of fire radio.com and free, everywhere. on i-tunes, check it out. the ed show social media station has sided on the top trenders motivated by you. >> the number three trender force for change. >> i'm going to put you in the movie, in star wars. >> as part of star wars force or change--. >> this final week, we're offering you and a trend a chance to visit the set and be in the movie. we're offering something else. a chance to win an advanced screening of episode 7 before it hits the news. thank you for your support. hope to see you on set this summer. >> remember, the force will be with you, always. >> the number two trender, father knows best. >> rory mcilroy has won his first british open title. >> just as his father bet he would do. rory mcilroy's -- >> jerry mcilroy placed a bet that his son would win the u.s. british open by

at ge capital, we're builders. help you grow. >>> it's time to give america a raise. and so far this year, 13 states have made that happen. at the beginning of 2014, these 13 states increased their minimum wage. now, a new report shows that in the first five months of this year, all but one of those states are experiencing job growth. so much for the tired old gop argument that a minimum wage hike is a job killer. >> the last thing we want to do is have fewer jobs for younger people. >> i want people to make what they can. i don't think a minimum wage law works. >> kwo are think raising the minimum wage -- and history is clear -- doesn't accomplish those goals. >> when you raise the price of employment, guess what happens. you get less of it. >> you get less employment if you raise the minimum wage? the gop couldn't be more wrong about that. americans think so, too. they overwhelmingly support the raising of the minimum wage. 93% of democrats. 69% of independents. even 52% of republicans. why? because the rich keep

fortunately, they get financing from ge capital.e part of ge, a company that's built hundreds of factories. so we can bring in experts to help them evaluate costs, incentives, and zoning to make a decision that would make their founder proud. if you just need a loan, just call a bank. at ge capital, we're builders. and what we know, can help you grow. i'm spending too much timer our calhiringer. and not enough time in my kitchen. need to hire fast? go to ziprecruiter.com and post your job to over 30 of the web's leading job boards with a single click; then simply select the best candidates from one easy to review list. you put up one post and the next day you have all these candidates. makes my job a lot easier. over 100,000 businesses have already used zip recruiter and now you can use zip recruiter for free at a special site for tv viewers; go to ziprecruiter.com/offer99. ♪ fill their bowl with the meaty tastes they're looking for, with friskies grillers. tender meaty pieces and crunchy bites. in delicious chicken, beef, turkey, a

fortunately, they get financing from ge capital. we not only have teams dedicated to the food industry, we're also part of ge, a company that's built hundreds of factories. so we could bring in experts to help king's hawaiian make sense of transportation routes, supply chains, labor pools, and zoning to help them make the right decision. and, i'd like to think, to make their founder proud. if you just need a loan, just call a bank. at ge capital, we're builders. and what we know, can help you grow. ganncr: we took care of your back pain. you make him the mvp. tylenol is clinically proven to provide strong, fast pain relief. but for everything we do, we know you do so much more. tylenol movie night. i get 2x the pwith my citi thankyou card.nd teveryone wins.staurants you mean you win. yes i do. the citi thankyou preferred card earn two times the thankyou points with no annual fee. to apply, go to citi.com/thankyoucards. yyyup. with xfinity internet soyour family can use all their devices at once. works anywhere in the house. even in

i want to break away from ge for a minute. if you've ever bought on youtube and you watch 3-d, you want to get one of those machines. but forget it, that's not what sells. >> you spend a lot of time doing that? sorry. go ahead. >> 3-d systems. we're really looking for 20. 3-d systems is one of those george orwell -- this is the best quarter where the greatest say they have no humility whatsoever. symbiotics is the global leader in 3-d surgical products. i don't care. i care about earnings. the stock will bounce back because it's heavily shorted and they've got to cover. but 3-d systems is going to be the big negative public name today. now, here's a heng fudge fund n that people have been waiting to pounce on forever, which is new, micron. people are waiting for a supply influx. last night, samsung had a completely dismal conference call, talks about ramping up deram production. goldman was looking at mid teens production. they're going to do plus-20% production. the equilibrium is beginning to be passed. d-ram will go down. >

at ge capital, we're builders. and what we know, can help you grow. hi, credit report site andour i have a problem. i need to speak with your fraud resolution department. ugh, we don't have that. what should i tell him? just make that super annoying modem noise... (shuuuuuuuh....zzzzzzzz...de ee...dong...shuuuhh...) hello? not all credit report sites are equal. classic. experian.com members get personalized help plus fraud resolution support. join now at experian.com. with enrollment in experian credit tracker. >>> follow us right here on facebook and on our website. would you? ed show on facebook and get my radio podcast, wegoted.com and ring of fire radio.com and it's free. the ed show social media nation decided here's what's hot. we're reporting here are today's top trenders voted on by you. >> lame street media -- >> the number three trender, static cling. >> this is a news channel that really is a lot more than news. >> where's the remote? >> america, prepare to be amazed. >> the two-time reality show star st

at ge capital, we're builders.hat we know, can help you grow. >>> you could usually bet a political idea isn't too radical if it's endorsed by "the new york times." the paper's editorial board doesn't always lead the boldest policy debates it reflects where the enlightened accomplishment is heading. politicos viewed t eed it as a breakthrough in a blockbuster editorial this sunday. >> "the new york times" this morning with a major statement. a lead editorial calling for the legalization of marijuana. >> the old gray lady is going senile. "the new york times" shocked many of us this weekend with an editorial that was pro-pot. >> when the noo"the new york ti editorial board called to legalize marijuana, a clear shift in how americans view politics of pot. >> and the paper put the pot crusade on the level of america's most embarrassing constitutional amendment. "repeal prohibition again" the paper thundered. recalling that it took 13 years. the u.s. to come to its senses and end prohibition. 13 years in which people k

fortunately, they get financing from ge capital.'re part of ge, a company that's built hundreds of factories. so we can bring in experts to help them evaluate costs, incentives, and zoning to make a decision that would make their founder proud. if you just need a loan, just call a bank. at ge capital, we're builders. and what we know, can help you grow. eachwon't have a claim.wners that's why allstate claim free rewards gives you money back for every year you don't have one. and why if you're part of the other 5%, allstate offers claim rateguard. so your rates won't go up just because of a claim. no matter what comes your way, your home protects you. ...protect it back allstate home insurance from an allstate agent. at this morning's dish of scramble d politics. some progress today for department of veterans affairs. they're scheduled to discuss a deal to overhaul the va. >>> the attorney general's office and the district of columbia considering an appeal after a federal judge tossed a citywide of carrying guns outside the home. fir

fortunately, they get financing from ge capital.ot only have teams dedicated to the food industry, we're also part of ge, a company that's built hundreds of factories. so we could bring in experts to help king's hawaiian make sense of transportation routes, supply chains, labor pools, and zoning to help them make the right decision. and, i'd like to think, to make their founder proud. if you just need a loan, just call a bank. at ge capital, we're builders. and what we know, can help you grow. >>> welcome back to "hardball." time for the sideshow. a freshman u.s. congressman from florida made a major mistake last week during a house foreign affairs committee hearing. curt clawson said he wants cooperation and commitment from the country of india. good point. but he was addressing u.s. officials from the state department and the department of commerce. >> so just as your capital is welcome here to produce good-paying jobs in the u.s., i would like our capital to be welcomed there and there to be freedom of capital. so that both sides

fortunately, they get financing from ge capital. we not only have teams dedicated to the food industry, we're also part of ge, a company that's built hundreds of factories. so we could bring in experts to help king's hawaiian make sense of transportation routes, supply chains, labor pools, and zoning to help them make the right decision. and, i'd like to think, to make their founder proud. if you just need a loan, just call a bank. at ge capital, we're builders. and what we know, can help you grow. yeah, citi mobile. pay the dog sitter? and deposit that check? citi mobile. pack your bathing suit? wearing it. niiice bank from almost anywhere with the citi mobile app. >>> big show ahead tonight. we have heard all kinds of anti-immigrant rhetoric from are the right. tonight, a human face on the border crisis. why this shouldn't be the latest political football. and attorney general eric holder takes on the gop's impeachment circus. that's coming up. but first, we want to know what you think. please head over to our facebook page to joi

fortunately, they get financing from ge capital. part of ge, a company that's built hundreds of factories. so we can bring in experts to help them evaluate costs, incentives, and zoning to make a decision that would make their founder proud. if you just need a loan, just call a bank. at ge capital, we're builders. and what we know, can help you grow. you pay your auto insurance premium every month on the dot. you're like the poster child for paying on time. and then one day you tap the bumper of a station wagon. no big deal... until your insurance company jacks up your rates. you freak out. what good is having insurance if you get punished for using it? hey insurance companies, news flash. nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. see car insurance in a whole new light. liberty mutual insurance. [ female announcer ] f provokes lust. ♪ it elicits pride... incites envy... ♪ ...and unleashes wrath. ♪ temptation comes in many heart-pounding forms. but only

fortunately, they get financing from ge capital. we not only have teams dedicated to the food industry, we're also part of ge, a company that's built hundreds of factories. so we could bring in experts to help king's hawaiian make sense of transportation routes, supply chains, labor pools, and zoning to help them make the right decision. and, i'd like to think, to make their founder proud. if you just need a loan, just call a bank. at ge capital, we're builders. and what we know, can help you grow. that's why i always choose the fastest intern.r slow. the fastest printer. the fastest lunch. turkey club. the fastest pencil sharpener. the fastest elevator. the fastest speed dial. the fastest office plant. so why wouldn't i choose the fastest wifi? i would. switch to comcast business internet and get the fastest wifi included. comcast business. built for business. >>> welcome back to "hardball." the bloodshed in the middle east continued with israel pounding gaza and hamas launching a stream of rockets into israel. more than 570 palest

were you trying to throw ge off? >> from the very beginning, i was very serious. >> does that mean you seriously wanted to acquire alstom? >> we were considering all of our options. we took one step at a time. outcome as ae the victory or were you disappointed? looked very hard at it and we came back with a proposal. deal with the train business still in play? >> no, i do not think so. it takes a lot of time to make a meaningful outcome. it takes a great partnership. the party is not willing to partner. >> a train deal is off the table for now. he thinks the bid was well worth his time. make moreced ge to concessions. ge is doing with the french government as a 20% stakeholder. i also spoke with him about europe. he thinks it is still too soon to call it a recovery. >> we see some areas which are encouraging. seen thes a whole, has bottom. is it too early to call it a recovery? many jobs that we created? how many young people have we hired? investors will be interested to hear what ecb president mario draghi has to s

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at ge capital, we're builders.>> right now on "andrea mitchell reports," state of emergency. the u.n. security council calls for immediate end to the conflict between israel and gaza. but a new exchange of rocket fire erupts today. >> for immediate unconditional humanitarian cease-fire. in the name of humanity, the violence must stop. >> will the israelis and palestinians listen to the call for another halt in the firing. >> we have accepted five cease-fires, acted upon them, hamas has rejected every single one of them. violated them, including two humanitarian cease-fires which we accepted and implemented in the last 24 hours. now hamas is suggesting a cease-fire and, believe it or not, they've even violated their own cease-fire. so they continue to fire at us and, of course, we'll take the necessary action to protect ourselves. >> translator: we are not fanatics. we are not fundamentalists. we are not actually fight the jews because they are jews. we not fight any other races. we fight the occupiers. on the contr

fortunately, they get financing from ge capital. not only have teams dedicated to the food industry, we're also part of ge, a company that's built hundreds of factories. so we could bring in experts to help king's hawaiian make sense of transportation routes, supply chains, labor pools, and zoning to help them make the right decision. and, i'd like to think, to make their founder proud. if you just need a loan, just call a bank. at ge capital, we're builders. and what we know, can help you grow. when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. >>> so, when i heard that somebody at fox news said i should go soak m

at ge capital, we're builders.w, can help you grow. we're changing the way we do business, with startup ny. we've created tax free zones throughout the state. and startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. thanks to startup ny, businesses can operate tax free for 10 years. no property tax. no business tax. and no sales tax. which means more growth for your business, and more jobs. it's not just business as usual. see how new york can help your business grow, at startup.ny.gov this is holly. her long day of outdoor adventure starts with knee pain. and a choice. take 6 tylenol in a day or just 2 aleve for all day relief. onward! the summer that summers from here on will be compared to. so get out there, and get the best price guaranteed. find it for less and we'll match it and give you $50 toward your next trip. expedia. find yours. then boom... what happened? stress, fun, bad habits kids, now what? let's build a new, smarter bed using the dualair chambers to se

at ge capital, we're builders. what we know, can help you grow. >>> premiering tonight on the si-fi channel sharknado two, the second one. watch as sharks dissent on new york. what else? a sharknado. i know, you can't wait for that. i saw the first one. funny. >>> time for first buzz. we have a sad one we're starting with. >> it's really cute. a 5-year-old girl and a little brother. all the sudden you realize he's not going to be so little anymore. take a listen. >> i don't want him to grow up. >> oh! >> i don't want him to grow up. >> you want him to stay little forever? >> yeah. he's so cute. >> and i don't want -- >> that's a lot of reality there. >> look at the brother. he's laughing. >> what are you -- look at him look at her. >> it's okay! >> he is super cute though. precious! >> that's the difference between a 5-year-old girl and 5-year-old boy. he would be like whatever. >> he would be pulling her hair. >> it's getting inting 1.5 mill views. >> you can see why. >>> somebody here at this little table of ours

at ge capital, we're builders. and what we know, can help you grow. >>> we want to get down to business with cnbc's sima. good morning. >> good morning. talk about stubhub. they said hackers got access to more than 1,000 customer accounts and bought tickets for events. authorities will hold a news conference later today, and arrests are expected. they issued refunds to customers. >>> and fear of a listeria problem has led to a fruit recall. costco, walmart, kroger and trader joes have pulled the fruit from their stores. the fda has info. >>> it's burned nearly 400 square miles, killing one, and just 16% contained. but this morning, crews are urgently making progress on the massive wildfire in the pacific northwest. the largest in washington's history. >>> a california man is dead after being buried in beach sand. dozens of people frantically searching with shovels after adam pie was entombed in a hole. they freed his head in five minutes, but couldn't revive him. >>> america's historically black universities are st

fortunately, they get financing from ge capital. only have teams dedicated to the food industry, we're also part of ge, a company that's built hundreds of factories. so we could bring in experts to help king's hawaiian make sense of transportation routes, supply chains, labor pools, and zoning to help them make the right decision. and, i'd like to think, to make their founder proud. if you just need a loan, just call a bank. at ge capital, we're builders. and what we know, can help you grow. the summer that summers from here on will be compared to. so get out there, and get the best price guaranteed. find it for less and we'll match it and give you $50 toward your next trip. expedia. find yours. eachwon't have a claim.wners that's why allstate claim free rewards gives you money back for every year you don't have one. and why if you're part of the other 5%, allstate offers claim rateguard. so your rates won't go up just because of a claim. no matter what comes your way, your home protects you. ...protect it back allstate home insuran

fortunately, they get financing from ge capital.he food industry, we're also part of ge, a company that's built hundreds of factories. so we could bring in experts to help king's hawaiian make sense of transportation routes, supply chains, labor pools, and zoning to help them make the right decision. and, i'd like to think, to make their founder proud. if you just need a loan, just call a bank. at ge capital, we're builders. and 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 comedicines, and ask if your heart is take nitrates for chest pain,u as it may cause an unsafe drop in blood pressure. and ask if your heart is do not drink alcohol in excess. delayed backache or muscle ache. to avoid long term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or

fortunately, they get financing from ge capital. we're part of ge, a company that's built hundreds of factories. so we can bring in experts to help them evaluate costs, incentives, and zoning to make a decision that would make their founder proud. if you just need a loan, just call a bank. at ge capital, we're builders. and what we know, can help you grow. ithe part of us that a littwants to play,on. wants to be mischievous, wants to run free, all you have to do is let it out. find your inner minion only at the despicable me minion mayhem ride at universal studios hollywood. >>> well, the crisis raging on the southern border of texas, that state's governor rick perry decided the very best place for him to be this weekend was iowa. upon his return to texas, he formally announced that he will send national guard troops to the mexican border. perry intends to send a few hundred national guard, possibly as many as 1,000, the governor admitted he does not know how the deployment will be paid for. the republican candidate to succeed perry

fortunately, they get financing from ge capital. we're part of ge, a company that's built hundreds of factories. so we can bring in experts to help them evaluate costs, incentives, and zoning to make a decision that would make their founder proud. if you just need a loan, just call a bank. at ge capital, we're builders. and what we know, can help you grow. fancy feast broths. they're irresistabowl... completely unbelievabowl... totally delectabowl. real silky smooth or creamy broths. everything she's been waiting for. carefully crafted with real seafood, real veggies, and never any by-products or fillers. wow! being a cat just got more enjoyabowl. fancy feast broths. wow served daily. >>> welcome back. it's time for first buzz, the stories that caught our eye this morning. going to kick off with richard louie. what you got? >> kim judge un. there is a video out in south korea. he is not so happy b they paste his face in various internet viral videos and according to a south korean paper, saying that the north feels that clip comprom

at ge capital, we're builders.t we know, can help you grow. ♪ >>> all day, israeli bombarded gaza. another u.n. school was hit. at least 15 of the 3,300 people sheltering inside were killed. >> hours later, another strike. this time at a popular shopping area. >> translator: it is enough, she cried out. have mercy. >> the ebola virus is considered out of control. >>

at ge capital, we're builders. and what we know, can help you grow. >>> let's get down to business with cnbc's courtney reagan. welcome, courtney, back from the holiday. >> yes, exactly. welcome back to from the holiday for all of us, a rude awakening this monday. futures are lower as investors return from the holiday weekend along with the two of us. the dow closing above 17,000 on thursday, though, and that followed a strong jobs report that saw the economy add 288,000 workers in june and unemployment dropped to 6.1%. ahead this week, minutes from the latest fed meeting and earnings from wells fargo. >>> well, tgif fridays is launching an endless appetizer promotion as it tries to boost sales, meaning you can get unlimited refills for $10 per person. sharing, though, is discouraged. analysts say the offer might backfire as customers could take an unfair advantage of that unlimited part. >>> and "transformers" tops the weekend box office, but not all is well at the movie theater. ticket sales are down 20% this sum

what is the future for the ge appliance business?ughter] >> they hang onto a lot of businesses that have modest returns to represent some image or issues. it is hard to say, very hard to say. in thise struggled market. it is a $27 stock where it used to be in the 40's and 50's. there is still a struggle for them. ofis it a struggle because all of the interest in a network, in a smart home, controlling your appliances remotely? >> i can't answer that. i think the appliance business is a very modest participant in ge's net income and its return on assets. they can do a lot with that. i don't know that that is a priority. >> i want to thank you very much for spending time with me, bob wright, the former president of ge financial services, former nbc universal cochairman. the obama administration is calling for increased sanctions against aidsan companies and even to vladimir putin, the president of russia. the president is set to speak from the white house. we've got it, next. ♪ 1 >> this is "taking stock" on bloomberg. we are waiting f

at ge capital, we're builders.t we know, can help you grow. >>> let me finish tonight with me. i have a plan for people who think poor people don't work hard enough. give them a wage that gives them the outside chance of staying on their feet. that's the plan. there are so many more who would jump at the chance for greater pride, greater independence, greater self-worth. let's get to the supply-and-demand right here. if you pay a person $7.25, gross, take out taxes and social security and medicare, pay for the cheapest possible apartment and you're lucky to survive. $7.25 may be one thing for a kid still living at home. but try living on your own. when you think about moving that $7.25 to $10.10 an hour doesn't seem like that much of a leap. the question again again, do we want to encourage people to get out and rely on themselves, learn to work and be tired at the end of the shift and also to earn what you want to do yourself. is that a value we want to encourage in this country? of course. i could argue the liber

but financing from ge capital also comes with expertise from across ge.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. >>> from italy, haunting new images from the costa concord yeah, the luxury cruise ship that smashed into rocks nearly two years ago, killing 32 people. a diver took this video showing a deck of the ship, a hallway, and part of a tangled wreckage. the ship was righted on to a specially built undersea platform last year and will be towed away and scrapped next month. the ship's captain is on trial, accused of manslaughter. >>> some very tense moments in southern california

fortunately, they get financing from ge capital.dedicated to the food industry, we're also part of ge, a company that's built hundreds of factories. so we could bring in experts to help king's hawaiian make sense of transportation routes, supply chains, labor pools, and zoning to help them make the right decision. and, i'd like to think, to make their founder proud. if you just need a loan, just call a bank. at ge capital, we're builders. and what we know, can help you grow. ♪ ♪ start a team. join a team. walk to end alzheimer's. visit alz.org/walk today. ♪ ♪ welcome to the working week i know it will thrill you ♪ >> good morning. look at that shot of new york city. it is monday, july 7th. welcome to "morning joe." with us on set, we have the chairman of deutsche incorporated, donny deutsche. >> hello, darling. you look very miss crabtree from the "the little rascals." >> what is that? >> i'm heavy on my heart for you. >> oh, my gosh. the host of "way too early" is here, thomas ro

fortunately, they get financing from ge capital.only have teams dedicated to the food industry, we're also part of ge, a company that's built hundreds of factories. so we could bring in experts to help king's hawaiian make sense of transportation routes, supply chains, labor pools, and zoning to help them make the right decision. and, i'd like to think, to make their founder proud. if you just need a loan, just call a bank. at ge capital, we're builders. and what we know, can help you grow. when salesman alan ames books his room at laquinta.com, he gets a ready for you alert the second his room is ready. so he knows exactly when he can check in and power up before his big meeting. and when alan gets all powered up, ya know what happens? i think the numbers speak for themselves. i'm sold! he's a selling machine! put it there. and there, and there, and there. la quinta inns & suites is ready for you, so you'll be ready for business. the ready for you alert, only a laquinta.com! >>> all right, time for "first buzz." i have richard and

ge reports second quarter shares on friday.shares right now down slightly lower down by 0.3%. >>> let's take a look at earnings news out after the bell yesterday. ebay's second quarter profit rose 5% beating forecasts although revenue is slightly missed. ebay was boosted by paypal. a cyber attack incident compromised data of 145 million customers. ebay is trading higher by 1.2%. >>> yum brands rose 0.9% as china continues to rebound from recent scares. yum says it's pleased with taco bell's new breakfast menu. however, sales in india and at pizza hut disappointed. yum is lower by 2.5% in the german trading session. >>> elsewhere, u.s. foreclosure activity dropped in june to its lowest level since the summer of 2006 before the housing bubble burst. reality track says foreclosures and auctions fell 2% in may, 16% from a year ago. however, fewer foreclosures have reduced the supply of homes on the market pushing prices up. that, combined with higher mortgage rates, slowed the housing market recovery. >>> staying in the auto sector

at ge capital, we're builders.can help you grow. >>> don't worry, when he says, "can you swim in" it turns out she doesn't really need to know how to swim. watch. >> can you swim? >> see, she's very scared. they're into the water. but don't worry because he flips over the thing on the dash. what's that? and the car turns into a submarine. yep. so everything's fine. if there was anything at all redeeming about the cold war in 50 years of cold war standoff between west and the soviet union, it had to be the spy fiction of the era. specifically fictional spy craft. james bond movies, alone, gave us watches that shot out grappling hooks from "the world is not enough." the same one that had the bag pipes that turned into a frame thrower. "diamonds are forever," fake fingerprints. in "license to kill" they had the gadget maker, himself, in a fake mustache and talk into a corn broom that was a walky talk can i. battle days of east versus west, spy craft in the movies. now that we've all lived long enough on earth, some of

that's one part of the battle, but a vibrant finance business at ge. >> yes. raising $3 billion, road show begins today with the filing, keeping the stake at $17 billion, but jet engines, the farm bureau air show, 36 billion worth of orders for ge. the face of the company's changing. >> sure. that continues to be the impression analysts have on the company, can they shift and steer it to an industrial base, which he's doing, and get rid of the appliances and media company without sacrificing revenue growth, and so far, investors are happy what they see today. >> i disagree. there's a 10% under performance relative -- >> ibm earned 32, beating estimates, revenue above consensus, down for a ninth consecutive quarter. google reporting a 22% jump in revenue, overshadows the earnings miss. company announces a chief business officer leaving to become vice chairman of soft bank who oversaw operations. ibm's story interesting. the share count, david, blow a billion, 2 billion in 1995, and although clouds booming, hardware continues to be a challenge. >> you know, some

one investor said the major concerns are the ge overhang, meaning how ge will exit the stock and what-- when they do, what that means for sure pressure. asge has a troubled history well. >> that is the strategy. back thank you. covers ipos for us and what has been a very busy week. more on the markets of it later. ♪ >> welcome to the most important hour of the session. said damon -- 60 minutes left until the closing bell. a huge week of economic data kicks off tomorrow. get your preview today. i am alix steel and for trish regan. more deaths and hamas. now benjamin netanyahu warning of an extended campaign in gaza. jo

ge has moved to revive efforts after an unsuccessful 2008 attempt. electronics giant was waiting to wrap up its acquisition of assets.ergy with that deal now signed, ge is talking to bidders for though goods unit -- for the goods unit. it includes appliances and lighting. it generated more than $8 billion in sales last year. 5.6% of the company's total revenue. it makes it $12 billion in sales. rupert murdoch wants hbo so badly he is willing to buy all of time warner to get it. his 21st century fox made an unsolicited bid of more than 75 lane dollars for time warner -- $75 billion for time warner. time warner rejected the offer. jon erlichman joins me from los angeles. sweeney, head of north american research for bloomberg industries. derailment, thank you both so much. bothntlemen, thank you so much. he said hbo was the holy grail that rupert murdoch had his eye on. is that what is happening? >> a lot of things going on here. hbo is a tremendous asset. almost $2 billion of operating profit every year. in theous growth here u.s. and also internationa