ge healthcare reported sales for the quarter missing the average estimates. analyst sees this talk pressured after weak results with the company we are from full-year guidance. ge healthcare technologies now down more than 13% on the day, what are the worst performance in the s&p 500. and molson coors management is incrementally more cautious on its outlook for the year despite first quarter growth across all units reiterating its 2024 guidance despite net sales and eps topping expectations for the first quarter. molson down more than 7% on the day. and lvmh, exploring options for its mark jacobs brand amid interest from potential buyers attracting bids from other consumer companies as well as private equity firms as it restructures the mark jacobs brand. lvmh down about 1% on the day. it has been down even prior to that report. back to the macro picture. u.s. labor costs accelerated first quarter more than forecast signaling persistent wage pressures. brown brothers harriman had this to say about what fed chair powell's message will be to markets tomorrow. >

shares of ge healthcare looks likely down 13% sitting at the bottom of the nasdaq 100. ecently spun off from ge reported lower-than-expected financials for the first quarter at a drop and a drop in revenue. it did however affirm its full-year outlook expecting its growth trajectory to be weighted towards the back half of the year and warner bros. discovery calling for a foul by investors, the stock is sinking 9% on news it could lose broadcast rights for the national basketball association. comcast's nbc universal is jumping in offering to pay an average of $2.5 billion a year to broadcast basketball games with tnt network paying $1.2 billion in its current deal. w bd was unable to reach a new pact before an exclusive negotiating window expired last week. warner bros. discovery shares are below $8 by a longshot, $7.43. breaking news from the crypto world, the founder and former ceo, one of the biggest crypto exchanges has been sentenced to four months in prison for money laundering after entering a plea deal. prosecutors recommended 4. $3 billion to settle allegations. b

i like ge healthcare. why? because i like the long-term strategy they have to be able to have artificial intelligence in their mris. secondly, i like ge airspace. i would've put ge airspace ahead of ge health, but i can't because they are spaces run so much. then the third. by no means do i say do not own the anova. that's the order. next up we have a question from cindy who wants to know is it too early to invest in a copper stock? what would be your advice in this area? the only copper stock i would recommend this report. i do not like copper. we happened to be listening. i did work with judy marx from otis. she knows more about construction in china than anybody. i don't like the construction seen. much of the million people moving from the country, and the city. i think copper is not where i want to be right now. next, we have a question from mike. i am keen to get back into aerospace and defense stocks. do you have any recommendations here? he is departing. i'm sure he's got a good team after him. but, rtx

the ge healthcare deal has worked. mostly -- people gave up on this company. 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 companies saying things are weaker just when we had the fed not cutting. something has to give or else we're going to have -- as i said yesterday, a sell. >> we got overbought. this is not a great moment. that's what i thought the nasdaq, when i thought it was down, get it over with. it looks like it's going to be a prolonged decline. >> not a great moment. you want a 2%

ge healthcare on a seven-day losing streak. domino's pizza notching its eighth down day in a row. >>> on the positive side, starbucks locking in its sixth day of gaining. >>> some afterhours action brings you shares of cadence design that's dropping, despite a beat on the top and bottom line. the second quarter guidance did come in light. >>> and ford shares driving higher ahead of their results on wednesday. up more than 6% today. its biggest gain since december. >>> so, turning now to the tesla slump. another carmaker, the ev maker, shares caught in a seven-day funk, tying the longest losing streak last hit in degs of 2022. today's move coming after the company cut the price of its most popular vehicles and driver assistance system by as much as $2,000. tesla set to report earnings after the bell tomorrow. the company already said q-1 deliveries were down nearly 9% from a year ago. its first year over year drop since 2020. this name has really been sort of stuck in this downward trend. carter, as you watch the technicals on t

. >> are you impressed with ge healthcare? >> we'll talk about it. i'm surprised it's down 10%. they did keep their earnings projections. peter ardwini has to be disappointed himself, but so far has not expressed that. my travel trust owns it. we know what to say. it's not ardwini's fault. we want to upgrade, buy that stock. a lot of that can be china. i think the second half will be strong. there you go. i like it. >> that's a big decline. >> oh, yeah. >> sorry. i was just noticing. >> double miss. >> i'm not piling on. i'm not. >> don't wince with every bit of information. >> how do you live? you take it so personally. >> you bet i do. i came in, saw it, 6:00. i saw i missed on that one. i said, you know what, jim? you suck. i didn't say he sucked. i said i sucked. >> you don't. you don't. >> that's not the way it's played. i've been in this for 42, 42 years. >> i know you have. i remember when you were a young man. >> it was me because i believed. this price is actually good. i'm saying, look -- you see all these trading shows, this is what it's like. you don't say, hey, i'll

began trading on the new york stock exchange a separate entities more than a year after ge spun off its healthcare 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. still to come: lean back and

ge aerospace. shares have been trading higher of the spinoff. >>> 3m spins off healthcare unit.t 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 get three shares on the pfortfolio. >> i want to get to the main question. we talked

simplifying ge's story has won him praise from selling biopharma to spinning off healthcare and now on the verge of divesting the energy business. shares have gained 40% this year. according to goldman sachs, david dubner who heads m and a restructuring, shareholder activism have all contributed to more spin-offs this year. we've seen about 15 in 2024 spin-offs and that compares to the eight deals that we saw in the first quarter of last year. so we're seeing more come to the table. >> yeah. it's interesting. it's been such a moribund ipo mark, the idea that large companies would find this a comfortable market to spin things up and we saw intel do it with mobile and they're planning to do another one with the fpga business. it's operating clearly by different rules, i guess. >> it is. then there's western doij digital looking to spin off its business and activism playing a role there. so there are different reasons many companies are finding this to be a go-to strategy. one way to unlock value that they think is hidden from the market and another reason is to make it more appetizing to

healthcare traveled trust. the time of the spinoff to $88 today. telling club members you could go to $100. i like that stock. meanwhile, ge out of the same period.en a tremendous success but now, we need to in our work on their own. first, let's talk vertebra. this is a colossus in the energy industry. it makes natural gas turbines not turbines. hydroelectric and steam power. this is the core business and fun of gas. at the same time, got very big exposure to wind turbines and electrical infrastructure. to modernize the power grid, know that these guys are getting a piece of that. there is a lot of money here. biden very various stimulus packages have put tens of billions of dollars in modernization that is needed. at the same time, the rise of artificial intelligence created on demand for electricity. consume tremendous amount of power. electricity demand is now growing at 5% annual clip which is viewed from ge nova. put it all together. the core power business is the vision contributing the vast majority. during up tons of cash. >> growing in the double-digit clip and while is the obvious for the whole enterprise, i think it will be to give up