seema, ge vernova, what is behind this move?is year is out with a new acquisition woodward's heavy duty gas turbine business, a deal expected to close in 2025 and does provide aftermarket services for natural gas turbines where ge vernova makes 40% of its revenue, strong growth business, while wynn plays catch-up. the ceo telling me that he's partnering with hyper scalers to provide equipment and access to energy sources to fuel their data center ambitions. recently revealing a deal with amazon's aws. one of the reasons the stock has outperformed it's seen as one of the ai beneficiaries and the stock up another 4% today, mike. >> it is fascinating, seema, given that the business mix of ge vernova and harnessing the ai driven trend has almost liberated it from being kind of, i guess, cast as an alternative or green energy type play which the market is not as fond of. >> you're right. since the spinoff from ge, ge vernova has been smart about positioning itself as one of the players within ai that can help the hyper scalers figure

what is ge vernova, and how do you think it will kind of see its different lines of business benefit?wer business, so you saw, you know, it's really broken up into three different pieces, so you have ge power, which is largely the turbines, so these are nat gas turbines to make electricity. that's what makes up 40% of our power today. electrification division, which is largely the switch gear that you might see at a substation, for example, and then they have the wind business, which gets a lot of attention. it's the -- a much smaller component, and quite frankly, the least profitable of the businesses. >> okay, that explains it, because i think of them as kind of the green energy play, and i think, well, wait a minute, you're talking about a trump administration and a nat gas and you're telling me vernova will benefit, but if wind is such a small part of -- is wind going to remain part of the portfolio at this rate? >> listen, we would love to see them divest a bit or wind that down. i know that's probably not a popular statement to many, but we don't see that as, you know, as a driv

the best one is ge vernova. the stock is up so much. you can assume it is something to offer for every utility and hyperscaler. i know we're all falling in love with nuclear power. i get that. one day it will be important again. maybe the next decade. right now though, if we want more electricity, we're going to need it from natural gas, wind and solar. ge vernova has natural gas turbines, windmills, and the best possibility of nuclear. although the company will tell you don't get your hopes up for nukes any time soon because it takes too long to build these plants. i like the fact they're upfront about it. the that's terrific. and finally, cintas, i love these guys. they supply fire safety equipment, some other stuff. do you know why i love this one so much? it caters to small business. neither the democrats nor republicans can resist talking about how small businesses are the backbone of the american economy. you hang around politicians enough, you can't believe how many times they talk about this issue. nobody ever lost an election t

carbon-free. >> and ge vernova would admit that.ey're onshore wind, not offshore. you're totally right about solar, david. sometimes it is not sunny outside of philadelphia where the plant is. >> guys, a quick one for me on the risk r up front. there's been a lot of opposition to the verizon deal to acquire frontier, shareholder vote is on the 13th. what i can tell you, according to people familiar with verizon's thinking, is there is no way they're raising their bid. they're going into the vote. they fully expect they're going to get it. iss, the influential proxy advisory firm, came out and said, abstain. there was a large shareholder who was voting against. all that said, the stock you want to look at here is fybr. frontier. remember that deal getting them deeper into fiber. you can see it is down a bit there. not going to raise is everything i'm hearing. they will go into this vote fully expecting they will prevail, and that probably will be the case here. by the way, the cover bid in their deal, which was bell canada, actually

. >> but those are really according to ge vernova, you're talking about a ten-year period between nowit up? >> not right now. we're continuing to look at the various technologies. but that's where natural gas will certainly play a bridge role in this. we'll look at renewables and storage as well. but for now with the load that we have coming onto our system it's really going to be a case where we need some spending iron to serve this load. >> we've been dealing with some of these hyperscalers as we call them, the googles of the world, and they seemed to be so hungry for power they're only going to make direct deals with the actual facility. have they come to you and said we want a nuclear plant and we want to make a deal with that plant or does it still have to go through you to get the deals? >> we've been working with all of our large customers like the major data center providers, and really what we want to do is serve the customer. if they're coming onto our system and they have different ideas on how they want to have that load served and what kind of approach they want to take w

on the infrastructure side we've talked about something like eaton or quantis or ge vernova.se stocks are up 50%. i point towards rock well because it's down 9% on the year. if you want to own some, there's a lot of ways of playing this theme. i think it's a decade long theme. you want to the have some involvement there. >> before i let you go what do you think of financials? they've been on a wild ride. a huge run on an expectation. all sorts of activities that's going to come next year. have they run too far? is this just the beginning? >> it's just the beginning. i am over weight the financials in a big way. first and foremost the valuations are not extreme. you're talking something like 1.2, 1.3 times book. 13, 14 times earnings. these companies have great earnings. probably the best earnings i've seen in about 20 years in terms of fee growth. market share growth. wealth management seeing an improvement because of better asset prices. if you add on deregulation, then if you add on oh by the way, end game and when hat comes out the companies are going to have to carry much

what larry kulp did -- >> being ge, similar to united technologies, split into several companies, whether it's medical or vernova and ge aerospace. they created enormous value with ge. ge's multiple is incredible. >> you got four times what you had a year ago. one of the things that happened there is you got lucky with the energy business. which turned out to be a windfall. what is really incredible, david, he -- they broke the company up in parts. they broke off the cats and dogs, chemical, aerospace, automation -- they just announced the plan to spin off -- october 8th. >> look, they are happy to have aerospace because aerospace is so good, and then everything else, office automation, climate controls, decarbonization. i think it's huge. we're not going to sell -- >> as a shareholder, are you in favor of it? >> yes. we have been selling because we felt the operations were poorly run. the missed quarter, enough. you don't say you're going to be at the high end and you come at the low end. we favored this splitup. we figure it's just a matter of time. they announced recently that they're going to split and get r