ge aerospace will retain the ge ticker.ceo larry culp and vernova ceo scott strazik will join us shortly after ringing the opening bell. >> i think it's sound. the reason i say that is i still think the company has the zeitgeist of the country. people want power, they want aerospace. these are very good trends. the ge healthcare deal has worked. mostly -- people gave up on this company. they gave up on it, and they gave up on it to buy. larry culp came in and said, look, it may not be so good -- culp was money, david, money. >> he was. the early days were a little tough. remember, they announced this plan to split up in november of 2021, and here we are. >> when this division was the weak link, and larry culp promised investment, they bought it. this is a very big deal. very important. [ bell ringing ]. >> at the big board, ge aerospace and ge vernova. we'll talk to culp and strazik in a few moments. jim, ten-year crosses 4.4. >> people have a real problem on their hands. a lot of commodities going higher. a lot of companie

katie: when it comes to ge aerospace, that is standalone business.et's talk about that in the context of boeing. the largest producer of jet engines that go into the 737 max and the dreamliner. what effect has that had on ge aerospace that we can tell and does that give you pause when you think about the struggles boeing is currently mired in? walter: it certainly creates a headwind that fortunately ge surprised boeing and airbus as was mentioned earlier in the show. you have demand for new jet engines and new planes is really insatiable at this point. boeing unfortunately has had many well-documented travails. hopefully they eventually get it right and that will be of further booze for ge airspace. listening to the call, there is no specific headwinds they are pointing to that will change their guidance. they raised it for the year despite beating this quarter as well. katie: it is interesting, some analysts saying that ge has a benefit from what we are seeing going on at boeing because airlines are going to have to be repairing and upgrading existi

so ge aerospace up 4.5%.l airline customers, we'll cap things off with a big downside moves in shares of jetblue, which are lower by roughly 10.5%, over half a million shares of volume right now. the airline reported a smaller loss per share than consensus estimates, on revenues that were in line with expectations. but unlike ge or gm, jetblue issued weaker than expected current quarter revenue guidance, it lowered guidance for the full year as well. jetblue shares down about 10.5%. joe, i'll send things back over to you. >> joining us now, first take on the markets, the fed and much more, leon cooperman from omega family office, chairman and ceo, and lee, you're on the record and we've worried about debt, i remember that the deet peterson foundation and having david walker on. we have worried forever about it. and it continues to climb. i know it's something that does stick in your craw and makes you at least nervous at some point it will come home to roost. i don't know when, i don't know if you do either.

and to leave ge aerospace.ne here and put together, and what the future holds. >> it has been a pretty amazing run over the last five years. the obstacles that they had to deal with, that larry culp and has team had to deal with, and kind of seeing this come out th amazing transformation, and doing what a lot of people didn't think could be done. >> right. and what's often overlooked, becky, is the fact that it is a much leaner, much more profitable company, and that's where the growth is going to happen in the future. yes, there are tailwinds in terms of global aviation, more flights, older airplanes being -- that's good for them, because of the services revenue, but at the end of the day, you have to become a leaner, more profitable company. he's known that from day one when he took over, and that's really been part of the focus, and they're just starting to see the fruits of their labor in terms of making that happen, and i think that's what people are going to be focused on over the next several years when

ge aerospace. i am breaking it all down. stay with jim cramer . >> do not miss a second of "mad money." follow jim cramer at @jimcramer. send him an email or give him a call at 1-800-743-cnbc . missed something? missed something? madmoney.cnbc.com r) at 88 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley. even if you live in a bubble, you can't stop workplace accidents. so talk to your agent about workers's comp insurance from pie, or visit pieinsurance.com. safety first, then pie insurance. (christina) with verizon business unlimited, i get 5g, truly unlimited data, and unlimited hotspot data. so, no matter what, i'm running this kitchen. (vo) make the switch. it's your business. it's your verizon. her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “pric

. >> you're moving on from ge aerospace to raytheon already? >> i'm alinear and crazier. >> let's focus on ge aerospace for a moment. you were talking about the backlog related to ge, then we can do greg hayes' swan song at raytheon. >> the first quarter since the split since it's a fully independent company. >> -- >> vernova was still a part -- >> they broke it outbecause they're honest people. >> total orders up 34%. >> think about that, will you? >> 34%. >> 34%. >> hello. >> remember, also, lauhow they' set up. they're levered to travel, to planes you have to maintain. our friends of boeing are not offering a clue how many planes they can produce. they all had to estimate how much business was going to be because of problems with boeing. believe me, they do well. they do well either way. >> pratt and whitney had a beautiful number. i'm not allowed to jump from one-to-one. >> i was going to say. it's a nice segue because pratt was up 23. >> thank you. i've got to tell you, this defense bill is fantastic for them, particularly ukraine. they're

so demand helping to drive ge aerospace up 6.5%. >>> and spotify, a massive move higher, up roughly 16.5%, off the highs of the session so far. the streaming audio and podcast company, better than expected earnings results and revenues, adding subscribers again and gave a forecast for monthly active users that came in ahead of some expectations and spotify up 16%. ty, back over to you >> dominic, thank you very much. with just one leak left until the next meeting, chair powell striking a somewhat hawkish tone on inflation last week, pushing rate cut expectations out even further. but our next guest says that a july cut is still in the cards joining us now, chief u.s. economist at bnp, along with cnbc's senior economist reporter steve liesman. gentlemen, welcome to both of you. carl, let me begin with you. are you seeing signs of a somewhat slower economy, and is that one reason why you're still predicting a july rate cut >> well, i think we are seeing some moderation in the pace of economic activity. i will be -- my own team's forecasting about 2.7% growth in q1 so still a robust pace, bu

ge. a pure play aerospace company, less debt, stronger growth. they said earlier today about the transition. >> what you see today with the launch of an independent ge aerospace, we are on the other side. $100 billion of debt reduction. we set at least two businesses up on a strong financial basis. has operationally more than quadrupled our cash flows. the market cap expansion. that we've seen in the dark days as the fall of 2010. >> the question is now can the ceo replicate the success and turn them into the new ge? standalone power which is profitable. electrification being fueled by data center demand. profitable, as well. offshore wind making $1 billion a year. can you turn that around? that's the question and the outlook for the company. >> along road getting to this point. >> for a long time, they weren't getting credit in their valuation for the best parts of his business. and something that's working now. something that's a bit of an albatross just at the moment when everyone is looking for ways to play. the need for more power will bury.

we know you own it, and ge aerospace will retain the ticker, ge. >> as it should. >> and larry will ringning bell, and it's going to be a milestone in this company's history and maybe the stock's progresstion from when you bought it? >> it has been years in the making. humbling and rewarding. it's up 85% in the past year. i think the story just gets going for them. they will have less distractions and they can focus on the market share position and profitability. going to generate $5 billion in free cash flow this year. i think the story is still very attractive and i think it just gets going, as i mentioned. i will hold on to it. >> how big of a holding? >> my number three position, yeah. and i am not touching it. >> okay. all right. not adding to it? >> not yet. if there's a couple bad days, but up a lot, and i still like it very much. >> what about 3m? >> i think there's potential to see improvements, and we talk about spins and why they work and because there's less focus -- well, more focus on the primary company, the main company, and spinco also gets a separate management team, an

. >> ge aerospace down almost 2. goldman assumes a buy at 190. there is reporting about a squeeze in travel capacity in the airline business because traffic is going to surpass prepandemic we think. boeing deliveries and airbus deliveries, they've kind of slowed. >> yeah, they have. take a look at the incredible action in rtx, greg hayes' swan song. that's thegood analog and not seeing any letdown. i remember positive with ge aerospace and really positive on all the other parts of it. i think they're really good. >> you thought vernova was your top of the three? >> i think people don't understand the power of vernova. down a lot from where it came public. the turbin numbers which david used to look at in terms of trying to figure out service revenue. remember turbin numbers? don't you remember that the tu turbin. >> turbine. not a turban, something i'm wearing on my head. yes, i did look at those numbers, jim. the awesome acquisition. >> suboptimal. >> remember when they were going to make it so it was software. >> remember what they said about t

from ge aerospace.his is a high-quality problem that they have to get the cash flow, but how many industries have a situation where the demand is so much greater that we have to overlook problems like this? we have to overlook them >> well, there are some problems that you can't overlook when it comes to boeing. >> well -- >> like making sure they're putting everything together the way it's supposed to be. >> well, that's a safety issue >> which remains -- his memo was all about safety >> greg hayes, b of a, he said, jim, you know what's really important here safety and i'm, like, okay. sounds good. yeah no kidding >> safety first. >> safety first? >> safety first. >> really? >> yeah. >> david's very concerned. >> i'm very safety first >>> when we come back, a bunch of earnings to get to, including at&t, visa, hilton, hasbro mattel, otis, humana take a look at the market. take a look at the market. n'goway. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab tr

the company is ge aerospace.hares have been trading higher of the spinoff. >>> 3m spins off healthcare unit. it is whip sawing on the first day of trading. the spinoffs are a good opportunity for investors. jim is here with us to discuss the buybacks and stock offering. jim, good morning. >> good morning. >> we are doing a conversation about spinoffs. let's go back to the first one. vernova. the tracking shares here. is that a good opportunity to buy? you say these are sometimes a good opportunity and sometimes they are not. >> it is a great question. you have to look where you come f from, frank. the premise of ge was on the knees when larry culp took over. he transformed ge. he joined in 2018. later in 2021, he was looking to break the company into three parts. he started off by spinning off gehc. the health care part. this is the final piece of the puzzle where he spins off vernova. the power lines and electrification arm of the business. you have the three pieces. the ones ce giant is now in thr. they will ge

we think with everything boeing is doing wrong, companies like ge, aerospace, honeywell can be beneficiarieslining a lot of the business. aerospace is the key component to it. i think they can also be a beneficiary of restructuring, on shoring, the infrastructure play. so 2.2% dividend, big share buybacks, solid dividend growth. it's been a stalwart dog for a while, too. we're looking for something to break out a little bit. >> sold some calls in freeport. >> freeport has been unbelievable. what we're seeing in gold and freeport specifically has been fantastic. the spike in volatility the last two weeks is giving us opportunities to write premium. if you have stocks that you're invested in, that are appreciated, i would take advantage of write-in calls. we wrote a $57 strike two weeks out. an 11% premium. if the stock goes to 57 in two weeks, i'll ring the register. >> weiss? >> we're seeing the stock up for leidos today. it's one of the rare companies where it's both growing and it's also defensive. i use defensive in two senses of the word. number one, defense business is about 50% revenue

while boeing and ge aerospace which makes the engine, they're assisting southwest with their investigationa look at shares of southwest this is not considered a boeing manufacturing issue. so keep in mind as you take a look at southwest, the executive pay is part of what will be determining the pay bob jordan and other executives next year, how are things happening and what is the status of safety as well as quality controls there. also with regard to bow, we get the q1 and orders and deliveries tomorrow and do not expect strong numbers given that they've dramatically slowed down production. >> phil lebeau, watching that closely. >> the countdown to thine solar eclipse and the path of totality, you are getting a live pick of the eclipse from mexico, and we will go live to burlington, vermont with a check on the scene there and the expected impact of this event and world renowned theoretical physist iaicbrn green is here, as well. we are back in two minutes. the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now b

ge aerospace seeing gains of 7 right now on pharma name no novartis the up 2.23%. that is proof that hitting or raising guidance, one of the most attractive things for wall street when you have an earnings report. now, one of the most iley anticipated -- highly anticipated earnings reports comes after the bell today. tesla share. >>s inching higher ahead of that report after a dismall report this year. we're up 2% right now but, certainly, down on the year. we're going to dig deeper into what to expect in a few. with more as we await results from meta, alphabet and movement but first, let's get right to the floor show to discuss today's market movers and what your next move as an investor should be. joining me now is seaport securities president teddy weisberg and hudson valley investment advise iser, guess gecko. thank you so much for joining me today. >> thanks forking -- for having us. kelly: guest, we are in a very -- gus, we are in a very different place than we were from january. in some cases, the ups are the beauty of low expectations. for example, ups toda

it's led by ge aerospace, followed by marathon petroleum, meta is in there as well as newmont as a goldace accidents. so talk to your agent about workers's comp insurance from pie, or visit pieinsurance.com. safety first, then pie insurance. you've got xfinity wifi at home. take it on the go with xfinity mobile. customers now get exclusive access to wifi speed up to a gig in millions of locations. plus, buy one unlimited line and get one free. that's like getting two unlimited lines for twenty dollars a month each for a year. so, ditch the other guys and switch today. buy one line of unlimited, get one free for a year with xfinity mobile! plus, save even more and get an eligible 5g phone on us! visit xfinitymobile.com today. >>> we've seen the prc pursue unfair economic practices, including imposing barriers to access for foreign firms and taking coercive actions against american companies. i strongly believe this not only hurts american firms, ending these unfair practices would benefit china by improving the business climate here. >> that's the treasury secretary janet yellen not minc

there's that ge vernova, the spinoff from ge aerospace. everything trades independently.joined there by at the bottom palo alto and first solar. we're back in two. when it comes to investing, we live in uncertain times. some assets can evaporate at the click of a button. others can deflate with a single policy change. savvy investors know that gold has stood the test of time as a reliable real asset. so how do you invest in gold? sandstorm gold royalties is a publicly traded company offering a diversified portfolio of mining royalties in one simple investment. learn more about a brighter way to invest in gold at sandstormgold.com. ♪ upbeat music ♪ upbeat music you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> cnbc and the nrf out with data on the consumer. steve liesman has the exclusive results. >> good morning, david. consumers continue moderately strong spending in march, spending

split into three separate parts, the energy business, it's called ge -- [inaudible] which debuted on the knew city today. the aerospacembol ge, the old one, and its health care technologies which, as you may remember, launched on the nasdaq last year. we've got general aerospace trading lower by 11.6% -- 1.6% and ge health care down 1.5%. >>> and finally, pvh stock losing its shirt after of the apparel giant which owns calvin klein and tommy hilfiger forecasted a deeper than expected drop in the annual revenue. look at this hit, down 22 plus percent. they are blaming weakening demand in europe. the company forecast fiscal 2024 revenue will fall between 6-7 versus the prior 2.3% estimate. >>> the future of professional golf that may be as unpredictable as a march madness. with just 12 days to go before the masters' tournament, we've got billionaire entrepreneur bob parsons, the godaddy's founder's latest brain child, pxg parsons extreme golf has pointed views on the saudi-run liv golf linking up with the pga. we're going to ask bob to look into his crystal golf ball on how that combo might play out and how it could aff

you know i like spin, i like ge health care and aerospace. i like this a lot.nk it's underperformed for so many years. there's margin upside, free cash flow generation, very little debt. i want it to be bigger and so now i am. >> let's do some "calls of the day." josh, nasdaq was up, price target goes all the way to $80 from $59. they're bullish on the transformation story. you own the stock. >> that's right, scott. in fact, they upgraded it to overweight and elevated it to top pick, replacing black rock, which they're still overweight on. this is the name. i agree. according to the analyst they're bullish on the story at nasdaq as they shift to higher quality, recurring revenue streams, so people look at the stock, they look at it as a traditional exchange, which it is, and they think of it transactionally. the truth of it is, nasdaq has been making fintech and adding software products that are offerings. the best way to think about it is multiple businesses under one banner. that being said, the big driver here is going to be new listings, in my opinion, in 2

>> i love aerospace. we own ge health care. but that is not mispriced the way this one is.use of the crazy nature of the spinoff because people didn't know what they got. now it is starting to come back. all three are good, but they have a really good ceo and i think that larry koch gave you three gems. if you are esg centric, this is the one you should by. >> and how about tonight? >> i have a company called ferguson which a lot of people may know is a high end plumbing, hvac. a very exciting always on the 52 high week list stock. and i love those. david, welcome back. really great job with bob. >> oh, thank you. we haven't seen each other. >> and what is great about disney, people are raising the numbers. passport sharing. the free cash flow. so you didn't kill disney, you can just kill paramount. >> thank you, jim. >> no problem. >> jim, we'll see you at "mad money" 6:00 p.m. >> when we come back, sara's exclusive with the treasury secretary in china in a moment. r s with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't m

. >>> is we get a break, a quick power check on the positive side, aerospace is trading higher after the spinoff from geso beautys i tumbling on disappointing sales. that is your power check. we will be right back. this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire norman, bad news... matchii never graduatediption. from med school. what? but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go. plus, buy one unlimited line and get one free for a year. i gotta get this deal... that's like $20 a month per unlimited line... i don't want to miss that. that's amazing doc. mobile savings are calling. visit xfinitymobile.com to learn more. doc? >>

>> general electric aerospace unit up nearly 8% after they posted beads on profit and revenue. gefour-year profit forecast with a continuing strong demand for jet parts and services especially as they continue to fix and maintain older jets while you see these shortages of delivering new plans persist in the market. jetblue, did you guess that one? shares are lummeting after the airline company lowered its revenue forecast for q2 in 2022, estimating flat sales and as much as a 10 1/2% decline in the second quarter in revenue even though they have cutting costs and roots, much to the dismay of many travelers. scott? >> kristina, thank you. >>> still ahead, credit check. visa shares are down today. we are going to drill down into what is behind the pullback, and what is at stake when the company reports earnings in overtime. we are back, right after this. ♪ ♪ >> university of maryland global campus isn't just an innovative state school, it's a school for real life, one that values the successes you've already achieved. that's why at umgc, you can earn up to 90 credits toward the bac

the industrial giant's aerospace and energy businesses began trading on the new york stock exchange a separate entities more than a year after ge32—year—old conglomerate that was once the most valuable us corporation and a global symbol of american business power. european airlines have started to cut back on routes to asia since the pandemic, hit by tough competition from state—backed middle eastern carriers. gulf airlines can often offer cheaper fares for passengers willing to catch a connecting flight in the middle east. european airlines are also banned from flying over russian airspace, resulting in longer journeys to much of east asia. taylor swift has made it onto the forbes world's billionaires list for the first time. the american pop star has joined elon musk as ranking among the world's wealthiest people. swift is entering the list with $1.1 billion along with sam altaman, creator of the ai chatbot chatgpt, who'sjoined on $1 billion. at the very top of the list of 2,784 billionaires is lvmh french luxury goods titan bernard arnault who, along with his family, topped the 2024 chart with an estimated $233 billion. stil

ge a week ago, we've seen the stock fall by around 8%. that may be due to existing shareholders saying i want more exposure to aerospace versus the energy storyther way jpmorgan this morning saying this is a buying opportunity, upfragrading the sk to overweight with a price target of $141 referencing the strength in vernova's electrification business. they say this business can outperform as data center electricity demand increases. there's just more demand, scott, for these companies that operate in managing the grid as power scarcity becomes an issue. so that seems to be what's driving this upgrade, and you're seeing shares up about 6 pr%. the next big driver for the stock, analysts are saying is going to be earnings. >> we'll look forward to, that thank you very much. to kate rooney with coinbase. we shouldn't be surprise first-degree coinbase is rallying if bitcoin is. >> as goes bitcoin, so goes coinbase and the rest of those crypto stocks. for bitcoin, the rally started over the weekend. it picked up some steam during early trading in asia, and topped $72,000. today we have seen strong demand really since january when that group of bitc