really has nothing to do with ge. ge and this whole notion that maybe they separate was put out there, we think, as a deflection from the company's fairly serious challenges the reality is ge cannot separate it's on the hook to back 100% of ge capital's bonds it has over $30 billion of underfunded liability. the s.e.c. is investigating their accounting the department of justice is investigating their ownership of a subprime mortgage company they owned prior to the financial crisis you can't just separate the company. you would have to refnls $150 billion of bonds plus untold liability. it's not going to work it's a nice narrative. it's just not possible >> i believe the "wall street journal" used the term rot in its article. is that what you saw there >> well, ge has been brushing things under the rug and leveraging aggressive accounting for the better part of several decades. and one could insperthat the prior management did this to drive the eps up as much as possible to pay themselves as much as possible sure, in t

joel: it really encapsulates what ge stands for right now.his was a bastion of american corporate earnings and through a lot of euros in, that confidence has disappeared. if you look at the dow over the past year, it is the bottom. that was hard to believe not that long ago. we really got into the culture of the management as being part of what is at stake here. this is a management factory that people came out of here left and right and lead other amazing american companies and yet, that is sort of at risk because what will ge become? carol: this is what the story digs into. there are so many details, so much about the history. we got more about what is to come from this 126-year-old company. >> if you look at this handful of inventions that changed life for people in the 20th century, the vast majority were invented or commercialized at ge, whether the lightbulb, the jet engine, it was a company making television shows and movies. it has been in honestly important and innovative. but over the past few years, and especially the last year, th

ge.daq trying to go positive for the month. and pretty good breath as we saw on friday as well. >> and how about apple will apple take you out that high apple made such a stunning comeback and this morning, obviously by warren buffett's comments, you're still a couple points from where it was in january '18. i think it is important. i know we have to move on because there's someone in my ear i'm not used to hearing while in italy telling many e to move on, but we're moving on and i want to see if apple takes that out >>> bob, that's your cue. >> three-to-one advancing in interest stocks. and the market has a real vote of approval. so far, it's starting to look a lot like january look at the leadership group semiconductors are out, consumer discretionary, financials and consumer stopples are lagging. this lookses a lot like january. the pocket bottomed on february. since then, we have had a nice move to the upside tech has been the leader, cyclical stocks have led from the bottom just like

that's "mad money." >>> you're in ge. >> how do we come back to ge after that this is tough. i think getting the tk out there does a couple things. i don't think there's a smoking gun. the lack of information with something that was very concerning in terms of long-term care and issuance and i think the more information we get here they got 15 billion in new credit lines, i don't think the company needs capital. >> jim said something that's important. there's no reason to jump in. one consistent mistake that i've made throughout my career is buying things too early that i thought were cheap and that's why you mentioned as a value trap. we're shorting things too early. >> when you get the selloff, what do you look off you look for the great opportunities that are out there getting oversold. ge is not in that category. flannerry has the right idea with the three core businesses. this will take time so there's so many other opportunities between now and then. it's better to be some where else. >>> still ahead, dropbox filing for an ipo that could be worth $10 billion and the mov

similar move, they are doing this either due to activist investor, which something we've seen with ge or because of the threat of activist investors come k in to so it's not surprising to see that's taking place in this company. it's been considered a potential target for investing >> who knows as to whether morgan, mr. hayes and mr. ackman have spoken to each other. i have no reporting yet on that. maybe what greg hayes was talking about was because of a conversation that he had with bill ackman. we just don't know at this point where all of that came from as you're just saying maybe it was, in anticipation of an activist. maybe just trying to be activists from inside or perhaps because of a conversation that happened directly. zpl absolutely i don't haven insight on this either, but i'll make some phone calls once we're done with this conversation and pass along anything i get for sure. but again, this is part of a bigger, broader trend we're seeing throughout the industrial sector this sort of urge to demerge and so united technologies, for at least a year now, i've been hearing fr

not ge on that list.orld awaits in the official comment from the man credited with building the once massive empire. he has the inside scoop on what they are saying now about the former conglomerates downward spiral. they break it up next. make something for dinner. but some of us make something much more. mom would be proud. with blue apron, any night is a chance to see what cooking can do. sure. momwhat's up, son?alk? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. general electric is now up 1% after horrific news over the weekend. what does this say. ge is an embattled company. but here is the news that came out over the weekend. it will be removing some of the long

i mean, obviously you've watched ge fora long time.ou were a shareholder for quite a number of years, from 2008 through when you sold those shares that were at $27 at that point. big changes there restating earnings for a couple of years and talking about some different accounting standards that have been put into place, but it does sound like they are changing for the way they account for some long-term contracts. >> it sounds that way. i haven't read anything, i've been sitting here. it sounds like they are changing when you build a ship or something like that over five years, not that they're building ships, but you do have ways of accounting for the in process activity. >> sure. >> companies can be quite aggressive in that, they can be quite conservative in that i don't know anything specific about general electric. >> you would understand john flannery coming in and wanting to -- >> clean house. >> yeah, make sure he's doing things his way going through the entire process. >> sure. sure if i were brought in to run ge, which they n

commentary was ge was a safety stock. ge was one of the worst performers in my fwrup in the draw down because they have the leverage and the earnings outlook is so uncertain. the 10k should come out between then and the end of moarch there's information on the inquiry going on there's a lot of stuff moving around here. we'll know about all this stuff over the next three to four months i'm not picking on the board here it is what it is this is a tough situation for everybody. >> sure. we'll watch up with you in the coming weeks thanks so much for coming on >>> president trump speaking moments ago on his infrastructure plan. live at the white house with the very latest for us >> reporter: the president holding court for about an hour with some two dozen state and local officials talking about a plan the white house released this morning talking about the fact they will need to rely on the states to pony up quite a bit of financing for the plan what is white house can do is make it eedsier for them >> we can't give you money

firm in boston where he had moved for ge. immelt when he was at ge pushed health care n. a statement in the announcement he said he has always been inspired by founder-led firms. the founder of the firm, jonathan bush who has been under pressure from activist investors at elliot management for the better part the last year, will remain as ceo. and he in the statement also welcomed jeff immelt's participation. the stock was up 1% during the session and up 1% after-hours. the interesting thing is that the shakeup they have been pushing for has helped the stock. it was up 20% last year after having been down 30% the year before immelt as part of the deal is going to be buying $1 million worth of the stock as part of his compensation he will get $280,000 of restricted stock this year. interesting timing in the filing, jonathan bush sold about 25k shares as part of a planned sale back to you. >> wow really amazing better that comes, thank you very much. look at this chart of ge or whatever some are calling gem immelt's reign of stock terror down 35% during his 16-year run as c

ge also plans to re-state 2016 and 2017 rnings, after adopting a new accounting standard. the restatements were expected,s although som they could make it difficult for ge to ach its 2018 financial forecast. general electric also nominated three new directors to its slimmed down board. after trading lower for most of the day, the stock turned around 1%. it finished up more than >>> berkshire hathaway's warren buffett said that he was staggered by ge's financial lapses and the sizef the charge that it took earlier this year. the billionaire investor has mostly sold his holdings in ge and said he hasn't purchased an. recent that was just one of the many comments that he made during a wide-ranging interview with becky quick. she filed this report from omaha. >> one of the big teaways from warren buffett and his letter to shareholders this year is that berkshire hathaway isng sit on $116 billion in cash. that is money that buffett would when heput to work, but looks around to buy businesses, he says prices are just too high. he's not finding anything that he likes at the right

as you know, he was sort of prod ded out by an activist investor at ge, who has his board seat on ge, so that's an interesting situation but you know listen, the whole market is getting collapsed. i know what kevin brady just told you the jobs are coming flying back and everything else. maybe, but, you know, i think they will. i'm a tax guy but here is two things have you to realize. the markets don't necessarily believe this massive corporate tax cut is going to lead to greater productivity, much higher gdp and if they don't believe that you'll have a bigger deficit and much higher interest rate spikes. liz: paul ryan earlier today when challenged about how extensive the new budget coming out of the senate if it does might be and what it adds to the deficit he said growth will cover up most of that. there will be growth, again this is pie in the sky. i like to remind people we don't know. we don't have hard evidence. we certainly hope. we have started to see good evidence that there's a lot of it's not even trickle down. it's rivers coursing down where companies are sharing their tax

. >>> ge hitting new lows today, and if how much worse will it get? "power lunch" starts right now >>> thanks ge aside, it's rally on, garth the dow and s&p up again today what correction? because at session hides, the nasdaq wiping the 7 a 5-point loss from the february 1st close to the february 9th low? off the books. stocks may be being -- po receding a bit today as many of you listen on this sirius/xm, this is for you, shares up after more than a decades. the barron's article, this is cooler than the lithium channel. >> bobbi sani is on on the floor of the new york stock exchange hey, bob. >> hello, contessa we are seeing some nice moves up, near the highs of the day. i just want to point out this is the second day in a row we moved up. this is opposite of earlier last week when we went down in the middle of the day. so s&p is sitting near the highs second day in a row. there's three things that are happening. first, we are healing fast we moved down 10%. that second circle there is the bottom on the ninth we haven't seen this in a while about ama

falling on hard times like a lot of the businesses that ge owns.tand right now that major investors are balking at the price tag for that transportation business. $2.6billion for this. at least as of now they are saying way too much so this just shows you some of the hurdles here. getting it back in shape scaling down the business and making the court between healthcare, power and aviation. here is a problem that he faces. i think if you are a ge investor and is a widely held stock among individuals. it's an mutual funds you name it. i broke this down in addition to whether you can sell the transportation unit. here are the things that you have to watch on. do they get expelled from the tao. there is a lot of talk for that stock price and the whole. there is real talk right now about ge and one of the original members. the listing means what. some people think there is two ways of looking at them. it's just the stamp on how bad things are. maybe it is a bottom for the stock. it would be a problem. second thing. a corporate debt downgrade. it would

it doesn't necessarily mean that power is going to be sold or ge capital can be moved, what's left oft aviation and health care as you might imagine are very, very strong businesses and the board and its advisers continue to look very thoroughly at all of the options involving those key parts of the company, whether they can create some value, send the stock up as opposed to where it's been headed which is pretty much straight down. >> speaking of break-ups, bloomberg has this piece about united technologies and comments made by greg hayes yesterday, companies at least mulling splitting into three separate companies focused on aerospace and elevators and climate control. decision expected by the end of the year utx now the top performing dow component at the moment. >> yeah. you know, back to ge for a second you can imagine -- it's not impossible to imagine a scenario in in fact a split like that were to happen, that you could reverse trust and aviation business of ge into a separate company that utx would create for the same unit. antitrust is always an issue in these things and woul

look at ge today by the way, i -- >> do you think the bad news is out on ge today?ery would have a reason to try to get everything out, right? is it onwards and upwards from here >> i can tell you what's good about this, ed garden who's one smart dude, and he's on the board -- >> right. >> -- trust me, he'll press to make sure the world knows what's going on i think there's a good chance that -- >> the activist? >> -- that ge will be busted up. >> right. >> wouldn't that be a tragedy? the number one most valued company in the world in 2000, jack was for ten years running the number one ceo and ceo of the century. a bench, that's the other thing. the quality of people that have left the company 62 people are now ceos of companies that previously worked for general electric he had a team and system that worked like nothing i've ever saw before give nordelli credit frank light. everybody is saying today, i'll tell you right now, frank blake would have been a logical choice to me if i had known him then like i know him now. look at the job he did at home depot. mcnurney

things that is fascinating is that ge has imploded.or shareholders who want large industrial stocks in their portfolio, boeing has sort of become the only game. i think that boeing has, in terms of their share price, benefited tremendously from the turmoil at ge. at the same time, it reflects the underlying strength of the business. they are very focused on trusted ability, really shaking up -- , reallyon profitability shaking up. that is a very high level picture, with 1000 little details that made it come together. julia: the cost initiative that they are running out, partnering for success. critics have called this "pilfering from suppliers." it is creating a fundamental shaping of -- fundamental reshaping of boeing's business. this started in 2012 under the previous ceo. i think it was, under -- at that time, boeing was going through tremendous soul-searching. , thatthe 787 dreamliner was enormously draining on the company. their early issues with that the manufacturing problems that led to it being three years late. so i think the

>> ge -- yeah ge down she goes.m the white house, the president meets governors next hour. school safety big issue, we'll take you there when the president speaks. liberty mutual stood with me when i was too busy with the kids to get a repair estimate. i just snapped a photo and got an estimate in 24 hours. my insurance company definitely doesn't have that... you can leave worry behind when liberty stands with you™ liberty mutual insurance. at holiday inn express, we can't guarantee that you'll be able to contain yourself at our breakfast bar. morning, egg white omelet. sup lady bacon! fruit, there it is! but we can guarantee that you'll get the best price when you book with us. holiday inn express. be the readiest. oh hi sweetie, i just want to show you something. xfinity mobile: find my phone. [ phone rings ] look at you. this tech stuff is easy. [ whirring sound ] you want a cookie? it's a drone! i know. find your phone easily with the xfinity voice remote. one more way comcast is working to fit into your life, n

david: ironic in boeing kicks out ge, because they buy ge engines.k could come in. nothing more fundamental than seeing the shift in the economy of ge going out and facebook coming in. pick up thege, latest issue of bloomberg businessweek. it is this week's cover story. markets, on bloomberg we are all over the market decline. this is bloomberg. ♪ jonathan: i'm jonathan ferro. 30 minutes until the start of trading. this is the countdown to the open. jonathan: big tex dominated and investors wait to find out if orders for the iphone 10 are true. sheehan over to jay powell. the macro bank drop. optimism on the continent. openinges away from the despite that strong macro banks are up. we'll roll over by about eight or nine points on the s&p, down about 131%. the euro is big off the back of solid pmi data on the continent. on -- your 10 year yields up to 2.73%.

higher rest rates. >>> and keep an eye on ge. tied to the recognition rules too took place at the beginning of this year they did warn that they would be restating, the big news, hiding into theleased over the weekend. they expect them to move ahead >> we'll see if the bad news is all out there on the market for ge now don't miss warren buffett on "squawk box" today he'll be live answering your questions from 6:00 to 9:00 a.m. that's it for "worldwide exchange" this morning quk x"s mi unext ♪ begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. >>> good morning and welcome to a special edition of "squawk box." we are live from omaha what, nebraska i'm here at the berkshire hathaway ceo warren buffett. he's going to be answering your questions for the

at ge, he was in charge of a multimillion dollar budget and thousands employees including his hire inpril 2010, andrea sneiderman. police asked newman to come to the station for an interview. it turned into a 5 1/2 hour interrogation. >> you're shaking and twisting. >> hemy newman appeared nervous and said he had been at work the day of the shooting. >> i was not there. i did not pull the trigger on the gun that shot sneiderman, rusty sneiderman. >> the cops sweated him. >> don't raise your eyebrows. i'm telling you, you were there when rusty got shot. >> a few hours into the interview, it looked as though hemy might have something to tell police. >> you're this close to telling me. >> telling you what? >> telling me why this all happened. >> but then he shut down. even so, detectives thought they had enough evidence linking him to the crime. they arrested him and charged him with murder. then, an amazing turn of events. after his steadfast denials, the engineer admitted that, yes, he was the shooter. but he said he was not guilty of the crime because he had been insane when he pulled

verizon, ge, merck, these stocks not doing well as well. technology companies, the only big stars here, that we were seeing was google, it was, microsoft, and others as well. so the market -- 10-year treasury yield, 2.894. that is a gain. also something that is driving stocks lower here. back to you guys. david: again 70 points on the dow is due to walmart itself. just one company brought the dow down 70 more points than it was. it would still have been down over 100 points but a lot less if it wasn't for walmart. gerri, thank you very much. >> you're welcome. lauren: the nasdaq and s&p down as well which brings us to our market panel. liz peek from the "fiscal times" and gary kaltbaum, from kaltbaum capital management and fox news contributor. gary, i begin with you. walmart killed the dow, but it would have been down anyway. why was there selling today? >> because we had a big run last week after we had the big drop the week before. right now the highs we saw the last two or three weeks are it for now. i think we'll head back toward the r

but they have overtaken ge to become the largest and most powerful u.s.ndustrial company and they have really started to shake up the marketplace. this is in ways that we are just now exploring whose effects we ultimately don't know. >> the old slogan used to be working together. applyr does that slogan to them today? -- ining today is really every speech you hear a senior executive give, the phrase comes up -- compete to win. this is a company that seems unafraid to play hardball, not catch together and if people don't like the consequences -- they don't seem to care. >>, said that has to do with the new ceo? >> i call him knew, he has been around since 2015. you described him as turning unapologetically hard-nosed under his reign. boeing has always been a tough competitor. dennis is a very -- very driven personally. using family charming in person. he is charismatic. again, he has this goal of making boeing a glowing to theial champion 1980's era ge. this what is on the gas, this is a company right now that seems determined not to let up. i think in som

>> we have a ge. what do you mean you don't have a ge anymore. >> other things with ge. get long-term care that you may not want >> yes no that's true. you can't get a pure play aerospace. of course not. >> but i do think that it would make sense once the deal is consummated but some people believe that that was too aggressive statement that greg was not really signaling this is about to occur. i think everything has to be on the table for these companies because it does work so well >> he did indicate as i said that they have to wait, of course, until the -- would have to wait at all until the rockwell collins deal is completed. >> it will be good it will be good. by the way, just -- i know this is -- i didn't mean to jump around but a piece, domino's -- the papa john's is up. just wanted to point that out. maybe it is the last bottom. look hayes is a straight shooter. how do we know that? >> he's been straight with us right here. >> right >> ain't going to happen. >> ain't going to happen i think when you look at when the board looks at what the new mosaic is do you re

united tech joins a growing list, one that doesn't just include ge. >> this is a trend we saw starting about three years ago. whether you want to call it the urge todemerge, portfolio rationalization, addition by subtraction, all of these multiindustry companies are doing this focus on am stning. and this is a natural we think of united technologies jumping on the band wagon. >> reporter: they want to stand along pure play interests rather than multiconglomerates. analysts f called others like johnson controls, eaton, and ingersoll-rand to also consider their options. it's a trend likely to continue. >> tax reform has we think lit a fire towardhis trend towar rationalization portfolio separations. one of the key changes that happened is because the tax rate has been lowered, there is a drive for companies who might consider to be selling assets -w it's easier to do because the taxn bur of the -- on the capital gain is much lower. we thi that shakes out a lot of assets. >> rbc says so far in 2018 there is already 20% more merger a acquisition activity than the first two months of last y

one thing that is fascinating, ge has imploded.or shareholders who want industrial stocks in their portfolio, boeing has become the only game. i think boeing has, in terms of their share price, benefited tremendously. at the same time it reflects the underlying strength of the business. they are focused on profitability. really shaking up the supplier community with some of the ways they have gone about gaining that profitability. that is a high-level picture. with a thousand little details needed to come together. julia: the cost initiative they are running, partnering for success, critics have called this pilfering from suppliers. give us a sense of what they are doing and what they are achieving. it is creating a fundamental reshaping of boeing's business. julie: yes, that is absolutely true. this started in 2012. under the previous ceo. at that time, boeing was going through tremendous soul-searching after the 787 dreamliner that was enormously draining on the company. their early issues with that plane, manufacturing problems

things are going from bad to worse for ge. it plans to restate the last two years of results.ll flash its 2016 profits by 16 cents per share. by approximately 16 cents per share. ge adopts a new account in the way they're allowed to venture the timing of long-term contract with customers. ftc investigating for how the long-term service agreements among other things with ge in the premarket. it had been lower previously. >> it is one thing after another. the letter over the weekend. still looking forward to it. for berkshire hathaway shareholders. >> it was released over the weekend in the main take away, berkshire hathaway got a lot of new money according to the latter in 2017, decides networks grow 65 by $3 billion boosting its book value by 23%. they came from the business operations in the remaining $29 billion k. when congress rewrote the u.s. tax code. scary moment. on a flight to china. what happened. >> this is pretty outrageous. passengers were boarding a china southern airlines flight to shanghai would smoke started to fill the cabin passengers were seeing framed in t

ashley: you don't like ge? >> ge is easy one. you asked for a dog of the dow.ld be a buyer of ge somewhere in here. ashley: what about intel? they have straightened out their act. all their troubles are behind them. they will reinvent themselves and become a better business organization. they have seen the pressure. i see them moving higher from here. i think that will be one of good bright spots for the dow this year. ashley: 30 seconds, todd. are we still in recalculation mode? , we have the drop and the pause. is there more volatility? >> i think more volatility. market action suggest as near-term top is in. we should see selling and test the lows we put in last week. overall i think long term you're a buyer of the market. short term here over next six months we have a lot of volatility. then we go lower. ashley: thank you so much. todd horowitz, bubba trading. thanks for joining us, todd. as we head towards the final bell. long weekend coming up. markets closed on monday. dow losing a little bit of steam. hases dach turning negative, down 15 points. [closin

ge will be the next ye year. >> ge is a name that plays into the capital markets and sort of moves with the market in general. so obviously when we had a sell-off it will very negativity, but looking at stocks, i like stocks right now, our fundamental over the next year or so is look at stock that is have cash, and they're paying their different out of that cash basis. i think when you look at ge i think they're lagging behind, so i look at other names that have growth at a reasonable price for ge, i think it's a hold area here i don't love it, i don't hate it since it has sold off a bit. i think you look at kinds of names that will do better than ge. >> there's a lot of fixing to be done. >>> with the big sell-off last week, which company has the greatest opportunity to rebound with double-did you get reboundh double digit gains in the short term a pretty specific question, but what do you think? >> great handle. >> in the next one to three weeks. not that he's greedy or anything >> double digit gains. >> a trip planned or something >> maybe a trip to vegas i think one name that's inte

seeashd kunecar ln noonr ge e ildatey inllenigri i bef. whatthe whithoe isuse sangyiut abo ts,hi h andave eyth elaxp winedhye hr nevegot fu security clearance? thanon ty:sahey y atthwi he ll ntco dinueoi tnghemp intorta ngwork he has been doind it wi nllmpot iachit les ro aas orseni aisdvseor, ni corelounsor to the president. jared kushner's lawyer came out and said this is standard, these kinds of delays, and other people in his position have fad cemisir lainthgs. s an ongoing process and could be wrapped up in a couple of months. you have to rember, this is something that the white house is struggling with. erths e waanbc nor rept idsa that as of november there were people in the administration who ese h nadotot gtethn ingnant clearances, inudcl an tka arumpndon dah mcgn. there is no telling where they are in the process n.ne jared kushr may not be the ty plyn ersowhhao s s hisericu raeae ncwndoadgr.ed thera:he t ft acfois, r l al ithoe sause yst i nwillot impact hbiis ali tty ho dois yob, if hnne caotee ss thike heigtellen, cecahow n ne

every month for the past year, ge has lost ground the longest monthly losing streak for the stock onord got to go back to 1971 to see you long those records go. dot com is reporting pershing square is building a stake in utx. a company you know well. >> yeah and that comes on the heels this week, grathe ceo is saying he's looking at portfolio review >> dow remains in the red. get to the judge and the half. >> all right, thank you very much new at noon, more on the breaking news. i'm tomd from bill ackman himself that pershing square has been billing a position in united technologies. there have been some rumors in the market today reporting in fact that an activist was build iing a positn and maybe there's more than one, but i can tell you, bill ackman and pershing square are building a position in united technologies he said he thinks it's a great company and that's where our con ver sags really ended. wouldn't go into more detail but i have to traders with me today to discuss this. what this could mean for

and one of the things that is kind of fascinating is ge has imploded for shareholders who want to havearge industrial stocks in their portfolio, boeing has sort of become the only game. and i think boeing has, in terms of their share price, benefited tremendously. but at the same time, it's sort of reflective of the underlying strength of the business. they are very focused right now on profitability. really shaking up the supplier community with some of the ways they have gone about gaining that profitability. and they are contracting. but that is a very high-level picture, you know, with a thousand little details needed -- that has sort of made it come together. julia: the cost initiative they are running now, partnering for success, critics have called this pilfering from suppliers. just give us a sense of what they are doing and what they are achieving, because it is creating a fundamental reshaping of boeing's business at the same time. julie: yes, that is absolutely true. this started in 2012. so under jim mcnerney, the previous ceo. and i think at that time, boeing was going thr

and i want your opinion, the general electric one >> ge.ew head of ge, i don't know about you, but he's such a nice guy. >> very nice. >> he seemed really honest and straight-forward courageous and willing to do the right things i don't really understand that turbine business of theirs i don't know why that fell on such hard times, but i don't understand long-term why that should be a problem. the energy sector, the electricity sector is a huge change away from the old coal -- isn't that an opportunity for ge >> i would think so, too this is jpmorgan, deutsche bank, the firms have been writing negative things about ge don't you think these are normally controlled by a bank? this is rather extraordinary. >> i always get nervous when the herd is always moving in the say direction. >> that sounds like bottom. >> i always say, i don't care what the consensus, is, i want to know what the smart analyst is saying. that's the one that has the courage to go against the herd i'm not an expert on ge, but it has all the signs of a c contrarian to me th

ge's got a bearish trend. >> there you go. better stocks out there. thank you very much. website, tradingnatio tradingnation.cnbc.com. >>> the latest from tradingnation.cnbc.com and a word from our sponsor. >> position size and risk/reward ratio are two important aspects of building a winning trade. you don't want a single position to be too big a percentage of your tradeable assets. additionally, you want to make sure there's enough property potential to justify the risk you're taking. consistently constructing suitable trades and adriheng to your exit plan can help you build on trading successes each day our planet awakens with signs of opportunity. but with opportunity comes risk. and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. >>> check please >> welcome back. brian made the point earlier that "black panthe

ge is shopping its transportation unit for about $2.5 billion. guess what? firms that they're shopping it to. they're going to have to cut the price, at least that's what i'm hearing as of yesterday. they sell it for 2.6 tomorrow, don't blame me. as recently, this has been a very difficult sell. they face the questionly of the disclosure, and here's one other thing, liz, that's out there. their pension liability. they have a massive unfunded pension liability. remember, ge's got hundreds of thousands of employees, lots of -- maybe a million ex-employees. a lot of them are in that old pension system or expecting stuff out of it. it's severely underfunded. it's a huge problem the if you have cash flow issues. so this is a very, very trouble company. you would think that it hits the bottom at some point because they have world class businesses, but one of the problems is, you know, aviation, world class business, right? i mean, technology -- liz: locomotive. >> i mean, this is a world class business. the problem is the company was not managed well over the last

but ge looking at potentially breaking up its businesses siemens is spinning off the health care. there is a lot of this happening in the sector right now. really the only stock you don't see it happening with are the stocks that are absolutely ripping higher, outperforming and generating cash like boeing, 3m and caterpillar. >> i think in the days ahead if not weeks in front of us a little more clarity on what exactly bill ackman intends to do now that the news has been made public, that he made it public i think that tells you that perhaps you could expect some sort of commentary from him in the days ahead, whether it is through a letter or a filing or some sort depending on what size of the position it is. >> are you saying that with a wink >> no. >> wink wink or is this a wapner guess. >> it is a straight guess. the fact that the position is public leads me to believe that something else is going to have -- another shoe will have to drop somewhere that we'll learn more about why the position was taken in the first place. >> and he's out -- >> guys -- >> he's out of herbalife.

blese mbers of the people's hous ge tm atent i a opens that through diversi ofas ey m sor ohst ma tir selibetely e from all ejudi that otig listefu he grant t l dialogue spectfl surprising even the st j with the emergen o unnd jst ess ushis y anry foyour greater honnd ry, en. f thlast d's progsnal nd a to the hse her appl thereo 124erjourneds standspprod. fowhat o doeth gew fom fri seek retion >> madam sp pnt to laus 1, ru 1 i demand a voten agreeing to the jeer's aroval of e qstion isn e speakepro tempore: 'sr of l.ngreeto the those in favor say aye. those opposed, no. the journal stands aproved. for what purpose does the gentlewoman rise? ms. ros-lehtinen: i opt to the -- object to the vote that a quorum is not present and make a point of order that a quorum is not present. the speaker pro tempore: pursuant to clause of rule 20 further pr seed thongs question are postpone the pledge of allegiance will be led by the gentleman from michigan, mr. kildee. mr. kildee: would all please join us in the pledge. i pledge allegiance to the flag of the united states of america i pledge allegian

long-term service agreements among other things slightly higher ge in the premarket.lly, citigroup issuing $335 million in refunds to its credit card customers after it failed to lower interest rates as required by federal law. about 1.75 million credit card accounts were set it here. the issue stems from the big increase in interest rates on cars after customers miss their payments. the latter requires the issuers to reduce the rate is the reason for the increase is no longer a problem, and the cardholder is doing better, they can change the rate. up 25% from a year ago. maria appeared maria: thank you so much. lauren simonetti in new york. talking markets looking at a pretty good performance. the report out of goldman sachs today sent stocks to plunge 25% of the 10 year yield hits for part 5%. all of this nervousness for good reason and the reason is because the economy is getting better. >> exactly. the question is even if the massive drops in the stock market, how will stop the broader economy, when we had the when we have a terrible mix a few weeks ago i was in c

business to a former company exec for an undisclosed amount back in november, ceo john flannery said ge exit at least $20 billion in assets trying to shore up its financial investment divestitures expected to include transportation, the health care i.t. business with a longer term plan that may include exiting ge's majority stake in baker hughes and quite possibly a break up of the broader blue chip company all of this after hundreds of billions worth of divestitures in recent years, including most of ge capital. investors are expecting an update in april at the shareholders meeting. >> thank you. >>> we mentioned semiconductors were one of the few bright spots in the market today. let's send it over to bertha coombs with more on that. >> they're pretty much holding up the nasdaq here that is what's moving higher, partly on some consolidation news with qualcomm making a bid for nxpi while it's bebe iing pursued by broad com. apple had been a strong point earlier in the session but it has faded here as we head towards the close. you can see it's just dipping into the red that's what's pu

malloy: how is that working for ge right now?ant you guys on a regular basis and you guys cover ge. david: so you would rather not have general electric? is that we are saying? gov. malloy: no, if the state wants to pay a company one hundred $60 million to move the equivalent of 200 jobs, that is their right to do. quite frankly we will compete for those jobs and a regular basis and happy to do it, but the point is we went a lot of those competitions, something that doesn't necessarily get told as frequently as the losses. david: which takes you to the point i want to get to, how do you compete, not just massachusetts, a georgia, tennessee, places that offer various things like right to work or lower tax. gov. malloy: i think we compete for the jobs we can compete for. process they kohl's or -- dig holes or steel manufacture. you compete for the things you can compete. not only are we the third most concentrated state in aerospace, it is growing in our state. in our state time we're seeing advanced manufacturing growing in our st

current pass holders will be allowed onboard but with 10s ofsands of people, no guarantee you will ge get onboard the train. dann cuellar is live at the terminal. there are many points division leaders need to know. >> that's right. a lot of people will be flocking here it's a real race to get here onboard one of the trains. >> all points south of philadelphia. no parking will be allowed in the 68 and 69th hundred street of market. the good news is, there is free parking nearby. we have different points,ey have to walk a block. >> no parking in front of fire hydrants and corners. >> you have to care or you will be towed. >> septa covers all points north and east of the city. if you are coming here there are 989 parking spaces available first come first serve. we'll embrace wherever i land. go eagles. >> i'll t take the l down. >> i'll start around 60:00 in the morning. >>tain to broad street line? >> right. >> i have my if i can't do for uber. i want to enjoy myself. >>> itp us off at 33 station. >> from >> we'l walk.l. all superintendent mike chitwood says their goal is to be sure ev

for now, i am saying you need to stay away from ge. and second is chevron. this stock made no science when it was trading at 173. even with shv ron down 15% it is still not attractive you don't want to own a big integrated oil when money managers have turned on the entire cohorts next is intel. the darn thing trades at 12 times earnings, no longer just the pc but also the data center. that said, nvidia has been my favorite while is nowhere near as cheap as intel. if it gets hammered again, it will be worth buying nvidia is king and intel is bishop caterpillar has become a momentum stock when you hear people say the market is too high and it went too high too fast, cat has become exhibit a stock was 62 years ago and now it is 149. sounds like no man's land. fifth is exxon unlike chevron, exxon didn't go to ridiculously low levels i think you have to be discipline on this one you have to just say no and even though exon wasn't as high as chevron, it can be lower number six is j and j. the actual best earnings genera generator is abbvie. th of all the stocks pf

jeff immelt used what some call as many theatre to mask what was truly happening concurrent former geonfidence overlyoptimistic, and immelt told a gathering in sarasota ge is strong very strong company stock tells a different story falling over next six months, stock market at the same time was hitting a string of incredible records, and look at this stock, ge shares down more than 50% from a year ago below 15 bucks, maria also, it is not just it talks about management style at the time. and that the success bread into how he gave direct irreverence if you are listening to ceo want positive news, you are going to deliver the best you can but projections ended up being overlyoptimistic board did not know what was going on. >> sad for anybody worked there you thought a safe haven. >> on recess may executive that was a golden key. >> now the stock high 59 3/4. >> incredible. >> it wasn't a problem with company that jack welch built it was the man who it was handed off to run it spent his first years trying to unjack ge. and it was a -- again, a debacle from beginning to end. >> that was

ge industrial solutions is signed but not yet closed. it will be closed during the first half of the year if you look at capital allocation priorities, it's varied organic growth, and we continue to do that number two, the dividend and we have committed to a steady raising dividend and this is the ninth year that we will fulfill our promise to shareholders and have another dividend raise, which is a key element of our value proposition to shareholders. the other priorities are m&a, and returning additional capital. we made a conscious choice of putting the share buyback oncome transaction. our cash flow is very good it's at the same high level address 2016, and when the balance sheet is strengthened and the cash comes in after the dividend is paid, we will look at ail tulternatives to return . >> so i think the argument is this is a leaner and more focused business, and in exciting areas where we see growth smart grids, solar technology, sun to plug as they like to call it they invested quite heavily in the expectation that we will see m

we had the great arrival of ge m which, as you can imagine, was geri, emma and mel b.aid it cannot be spice girls unless it is all five andi be spice girls unless it is all five and i think that is where the power lies. that's where the power came from in the reunion in 2007. that had to be aborted because they wa nted had to be aborted because they wanted to show their children what they could do but nevertheless other pressures came along and it did not last the course. this is a more realistic exercise in using what is more like a brand than a musical legacy and i think that is what we are going to see. you mentioned the chinese markets will be packed into with all of those available dollars, products, televised talent show all to the tune of 10 million each. the cynic would say that that is a big, lucrative money part with various clauses being put into it. perhaps not for the musical purists but maybe for the die—hard fan. not for the musical purists but maybe for the die-hard fan. briefly, the big message from spice girls was of course girl power which really res