billion deal is said to be close to combining the top players come a deal that was shrink the ge capital unitore. we take a look. ritika: this deal would be huge if it goes through. $30 billion is swirling around and this would be merging the ge jet leasing business with air cap and these are two major players with -- which is very significant and timely given the pandemic wreaking havoc on this industry. for ge, the stock has been very volatile but it's had a string of gains lately and investors really like the news this morning. they've been trying to sell this asset for several years. it was a big drag during the financial crisis which is part of its big turnaround plan. it wants to streamline the business, shed assets and if the deal goes through, it would remove this asset from its balance sheet and shrink its assets to about $18 billion. on an industrywide level, the deal is huge because collectively, they would have almost 3000 jets in service, storage or in order so that is huge. it gives the more bargaining power with the two biggest manufacturers and likely to give more access to ca

ge will also wind down its ge capital unit after the sale, the jet-leasing business was the biggest piece, larry culp, also con firming the company will eventually sell its stake in the new combo with aircap. both aircap and ge are falling, but boeing jumping 6% into the close. >>> breaking news, president joe biden speaking in the south court auditorium right now. he has just announced that the government will buy 100 million doses of the johnson & johnson one-shot coronavirus vaccine. j&j's ceo and merck's whose company is partnering to speed up the vaccine, both speaking. so let me take it to larry kudlow who's joining us now. larry, this is an important announcement. we're ramping it up, right? larry: the only stimulus there is. all this other stuff that got signed today in the house is irrelevant. vaccines will reopen the economy and schools and stimulate the economy. big, very big. i applaud. liz: yeah. larry: and i'm sure president biden has said that this was all done on the shoulders of president trump's operation warp speed. i'm sure that was in his -- liz: operation warp speed.

it signals the end of ge capital, a once mighty finance unit whose remnants will be folded into the parentnalysts question whether bigger is better, but they say they are now positioned to benefit from the expected travel recovery. the social media app parler has been denied reentry to the apple app store after being kicked off following the storming of the u.s. capitol. parler has removed seven staff. apple had asked the app to change moderation practices, but they say their community guidelines remain incompatible with app store rules. more chinese companies face being delisted in new york. they confirmed they will remove the state names affected by u.s. sanctions. they include phone makers as well as advanced micro equipment technology. they said they will comment further should u.s. courts decide in their favor. american airlines has won about -- backed by its frequent flyer program. about two thirds of that demand -- the rest is going to the loan charge. rishaad: cathay pacific says about 12 months -- the last 12 month have been the most challenging period in their history. covid-19 d

reveference to redc it at ge capital and now is the time to do the deal with aercap to get the proceeds and reduce that and make ge capital now just another line item as opposed to its own unit in terms of the way they report things. that's an important moment for this company take a listen to mr. culp discussing the transaction that they've announced this morning. >> this really marks the trans formation of the company into a more focused, simpler, and stronger ge. we're going to be able to focus on our core for industrial businesses aimed at the energy transition, precision health care, in the future of flight, and there's no question we're going to be a stronger company going forward financially, and operationally. >> they are still talking about taking leverage overall, that is leverage to net debt over ebitda, to as low as, less than 2.5 times, that's for consolidated industrial businesses, which is what the company is going to be at this point. by 2023. so they're not there yet he continues to talk about being on this path to being a well capitalized company. and i did ask him about that as well but as i said, this is also their investor day so they're going to be spea

but this is one of the units at least that ge kept when it dispatched much of ge capital and unfortunately shareholders another thing that they kept which they couldn't sell which we thought they sold years earlier the long term care policy that came back to cost the company tens of billions but this has always been a valuable asset and continues to be and we will watch closely, the stock reacting positively to a potential deal with aercap. >> and it wasn't many years ago that it was a line in the sand, and keep it and considered a cash cow and it countered the insurance liabilities, as well as in the capital unit but it was always considered i think very attractive, especially from like a private equity, for example, standpoint, and an attractive asset, so kind of speaks to the turning tide here, carl, within aerospace, as we do continue to look for these signs of recovery, and there was also an upgrade this morning on spirit aero systems speaking to that expected recovery, in commercial aviation as well. >> yes, ge, leading the s&p, it doesn't happen a lot but when it does, it gets you n