for general electric general electric wall old female and all. the gains of the cost efficiencies the workers will not they will they're going to labor costs there will going to new to poverty rate will continue to go up no matter how much more money general electric makes i think that is what we're going to say well that's our end of the year show i mean i think you can right below tell if you agree with stacey or max because this is a show that we don't agree he thinks it's going to get worse i think it looks like there is actual positive sort of thing just by the very nature of the research and development and design that andy grove from intel it pointed out years ago it was going to fall apart he said just because the knowledge for the innovation you can't just teach innovation you need to actually experience it so that is wealth creation and that's what happens with a lot of general electric if you brought if you broke general electric company twenty companies and you had real competition yes that would be great for wage wage earners in amer

general electric was a harbinger of going to work offshore.ost of their i-t work has been brought back and they're doing the work here in the united states. so that's a clear example, among general motors, among many other corporations where the trend is to do the work here and this is where they're going to get greater value in terms of productivity and in terms of cost savings. david: people forget, 18% of all the world's manufactured goods are produced here in the united states. that is still a big chunk. >> absolutely and in terms of innovation and in terms of value this is where it is. and i think companies are also sensitive to reputational issues. the number one issue in the united states is still job creation. and where they're shipping jobs offshore i think shareholders and customers are making boards more and more aware that creating jobs in this country is really the right thing to do. so you have that working as well as the momentum bringing jobs back here. liz: it is good business for now. harley, you're running it. genesis 10, th

that rings me to general electric. raising dividends.he bad news for the shareholder is it will not be moved up to december like so many companies like caterpillar and mason. they are also authorizing another buyback. back to you. connell: it is time. let's bring in charles. let's talk about caterpillar. charles: i like caterpillar. this will be one of my 2013 and investments. i have always liked the company. it is extraordinarily well-run. 20% of the revenue comes from outside of this country. it always feels a little myopic that we are always talking europe and america. this company has exposure to the global economy. what triggered it today was this china pmi number. i know gordon chang has been on. dagen: yes. we were there. charles: a lot of people do not believe the china story. this number to me tells really nice with other things. dagen: most people already own it in their 401(k). charles: you are absolutely right. the stock is down pretty big from where it was. this last quarter was a disaster. north america construction was up.

. >> rose: general electric is the nation's largest industrial company. it employs over 300,000 people around the world. it makes everything from aircraft engines to power plant turbines to medical imaging equipment. the company has evolved over the last decade over jeff immeant's watch. he has led a global expansion and shed once treasured businesses such as plastics and insurance. in 2011, president obama named him to lead the council on jobs and competitiveness. last month, the country created 146,000 jobs, exceeding expectations in the wake of hurricane sandy. further progress will be tested as the fiscal cliff deadline approaches without a deal inside yet. i'm very pleased to have jeff immelt back on this program. welcome >> charlie, thanks, good to be back with you. >> rose: we've talked many times about g.e. since you took over, i think once since -- just after 2001. where is the company today in terms of where do you want it to be and where do you want it to be in the next five years? >> i think, charlie, what we've tried to do is simplify the por

. >>> general electric is reportedly on the verge of buying italian space firm avi oi. >>> and india's central bank stands pat despite consistent calls for a rate cut. but the rbi is saying its focus is now normally on boosting growth. >>> well, it's been a rel ofly good year for stocks in europe. adding about .3%. advancers mostly outpacing decliners on the index this morning. if we can zero in on the bourses, it's largely green behind me. the fits fits mib is atting .6%. the ibex in spain, up 0.8%. and the ftse up about 0.3%. now, some company-specific news this morning, fin mechanica saying shares up 2.4%. this on news they're set to buy sge-avio. safran is also a company considering that change. let's take a quick look at the bond space. we'll get a sense of the kind of trade we're seeing shaping up. it is consistent with flows into the periphery, perhaps out of the core and the risk on move generally that we're seeing this morning. yields up to 4.5 roughly in italy at about 5.4%, respectively. gilt is moving up towards is.9% this morning. the bund yield is still extremely low, so

so biolite stoves as you mentioned are wood-burning stoves that generate electricity from the heat ofhe fire. this yellow part here is an electrical generator. it's kind of like a solar panel for heat instead of light. it plugs into the stove. you set it up. you dumb a bunch of twigs in it. and you light them on fire. and when the fire is hot, you can plug your phone in. >> right. i'm going to plug my phone in now. because my phone needs charging. this is a cool thing. there we go. that's 75. it will be at 100 very shortly. >> here we go. if we want to, we can put an l.e.d. light in here and you can see that we're generating light. so in a lot of places this is what people need. they need small amounts of electricity to do really practical things. >> right. so sandy, i had -- out of gasoline. >> right. >> no grid is working. people needed this, right? >> not only that, but right near our office in dunbar we had water that was pouring through. the national guard came through to help people out. we made coffee for them, tea for them. we charged all their cell phones. and we did this all

this nuclear waste which raises a second question is that pretty damn absurd for us to be generating electricity to run our i pods that day in a way that leaves deadly waste for thousands of generations of humans to have to deal with given the abundance of sun and wind it's knots that we're subsidizing. the nuclear industry to the tune of billions of dollars a year it's time to start shutting down our nuclear power plants and step away quickly from this most deadly and expensive form of commercial electrical generation on the planet. from the oxy cotton and via gross so the brain of rush limbaugh is come warning of these self-destruction of the republican party but former republican insider and reagan staffer bruce bartlett who was on the show last night as the grim truth which is the modern republican party has already destroyed itself on his radio show tuesday limbaugh explained what's at stake for republicans during for example the fiscal cliff debate barack obama wants the republican party to essentially destroy itself when you think of republican party what do you think of terms of its stan

general electric, meeting with investors in new york today.nd, but it will pay it next year. not good for shareholders because if taxes go up, they'll be paying a higher dividend on taxes paid next year. and then ubs, it could pay an illegal fine for illegally manipulating interest rates known as libor and the stock is down aly bit more today. caribou coffee being taken over for $16 a share, 340 million dollars total. it's halted from trading right now. we'll let you know when it starts trading and finally, lexicon pharmaceuticals, one of its drugs giving fast track by the fdaen market kind of likes that, 7% gain. and barely budging, obamacare expected to cost billions of dollars. but if your doctors were only paid if you stayed healthy would that save money? we'll talk to a doctor about that next. ♪ [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more your mo

when the elevator is empty, the counterweight polls the elevator and it generates electricity by breaking. the same thing as in your toyota creosote or another hybrid car. -- prius or another hybrid car. here inside we have the ibtv drive. this is important for landing of the elevator. also, acceleration and deceleration, if there is instability in a car, can be reduced. >> so we have taken a ride in an antique elevator. >> this was an elevator built in 1913. >> we have checked out current elevator technology. >> these were installed in 1972, outside observation elevators. >> it is not standard because there is no tape that runs it. but shane we have seen the future of the elevator technology. >> i am going to push the access key which will access the voice. >> this has precise generation of power, which is important for highly acrilan the landing of the elevator. >> what happens next week and not know but it will be exciting. thank you for showing us this interesting technology. >> >> san francisco recreation and parks department offers classes for the whole family. rec and parks has a c

general electric ceo jeff immelt will tell us what's at stake in the u.s.th the ladies from "the talk" who are spending part of the holidays here in new york city. >>> first, here's a look at today's "eye opener at 8:00." >> the white house meeting here between president obama and speaker boehner occurred after the president extended that invitation to boehner on friday. >> there are 22 days left till the fiscal cliff deadline. there is no deal yet, but the two leading players are now talking face to face. >>> the colorado doctor kidnapped in afghanistan is safe this morning after a daring rescue mission by a team of navy s.e.a.l.s. >> the key to these things is surprise, speed and action. you get in there before they know you're coming. you're to the door before they know what's going on. >>> the upper midwest is digging out from its first major snowstorm. >> minnesota bore the brunt of this weather, some spots getting 16 inches of snow. >>> two australian radio hosts are apologizing for their prank phone call to the hospital where prince william's wife, c

first up, general electric. it's buying the aeronautics unit of italian engine maker avio. the price tag: $4 billion. g.e. shares fell slightly on the deal, down 17-cents to $20.88. also today, a deal in the casino space: pinnacle entertainment is buying ameri-star casinos for $869 million in cash that works out to about $26.50 a share. shares of pinnacle and ameristar were each up over 20%. the day's big loser: research in motion. rimm shares tumbled nearly 23% to under $11. investors initially cheered its latest results out last night, but the selling kicked in today, after rimm's c.e.o. said the company's service-revenue model will change significantly next year. the service fees r.i.m. charges customers to use its network bring in over a third of the company's revenues. also caught in the selling today were shares of nokia. nokia and reasearch in motion announced they had settled one of their patent disputes. as part of the deal, rim agreed to make a one-time payment and continue to pay licensing fees. shares of nokia were down 4.5% to close just under $4 a share. faceb

this there were a number of other people who received way more money than this jack welch of general electric actually received four hundred seventy million and exxon mobil's a leave three hundred twenty million dollars staley o'neal of merrill lynch one hundred sixty million when his bank actually reported a loss of ten billion and charles prince of citigroup in ninety nine almost the same as ski so overall katie what we're looking at is despite this very allowed public out. crying about these so-called golden parachutes over the past decade we saw about twenty c.e.o.'s who received one hundred million dollars or more in payments totaling four billion dollars in combined compensation natasha mouth watering amounts my goodness me thank you very much indeed for that. let's check out some markets but u.s. stocks they fell extending yesterday's drop as a slump in apple and fall to talk concerns overshadowed a rise in industrial production and data showing that china's manufacturing make spans a farce of pace as for your of the markets and it makes us as investors watched u.s. lawmakers debate a

>> it is not a solution and it is wholly dependent on electric utilities and electric generation that can be dispatched. we can't count on wind. when demand is highest wind output is generally at its lowest. that's a big problem. gerri: irony, these anti-wind groups are growing in number. take a look at this. in the u.s. there are 100 groups. u.k., 200. europe, 500. what is going on? >> this is part of a growing global backlash against the wind industry. this is very successful rtraying itself as green. we produce green energy, green lech i very, reduce co2 emissions. when you look at countries around the world, australia, new zealand, huge backlash in ontio, we're seeing backlash against the large wind projects going in all over the place. gerri: talk about new york. you have an interesting example there. >> just last month lawyers here in new york filed lawsuits, 60 residents in herkimer county just north of albany, they filed a lawsuit saying these project, wind turbines, built within 1000 feet or so of residences are emitting all the noise, keeping them up at night, diminishing pr

the heat from the incinerators is used to generate electricity. in addition, it provides about 200,000 households with heating. the refuse becomes a source of energy. >> by burning refuse we can reduce our use of oil and natural gas. that lowers seoul's co2 emissions by about 21,000 tons a year. but we can't really be sustainable unless we produce less waste in the future and recycle more. >> cherry blossoms provide a glimpse of seoul's greener side. compared to many other asian ities, seoul is a pioneer when it comes to parks, public transport and climate protection. this small river in the city center is an impressive symbol of that. long covered with concrete, it has now been restored to its natural state. it's a peaceful oasis in the midst of urban canyons. the new futuristic town hall also serves as a role model. the huge administrative building requires about 20% less energy for lighting, air conditioning and heat. its head designer sang-hee lee is relying on geothermal and solar energy. such technologies are to be used throughout the city i

when the cars are going up empty or down full of people, they generate electricity that goes back intog grid. these elevators have energy by grouping people going to the same floor in the same cab. and the way they work is you have a shared elevator call button in the lobby. you would indicate which floor you're going to, for instance like 3, and it will direct me to elevator c. so, i'll go to an elevator with people that are going to that same floor.

when the cars are going up empty or down full of people, they generate electricity that goes back into building grid. these elevators have energy by grouping people going to the same floor in the same cab. and the way they work is you have a shared elevator call button in the lobby. you would indicate which floor you're going to, for instance like 3, and it will direct me to elevator c. so, i'll go to an elevator with people that are going to that same floor. what's also interesting is inside the elevator floor cab there are no selection buttons because i selected my floor in the lobby. this takes some getting used to as we're all accustomed to choosing our floor inside the elevator cabs. ♪ ♪ >> another thing we saut that was a challenge for this building was the permitting process for the delivery machine to use reclaimed water in an office building. and i think that we really broke the ground for future use to be much more commonplace for utilization of reclaimed water in office buildings. this building uses 60% less water than a typical osv building. that's achieved by using rainwat

this for the second time but now let me explain what you're actually looking at jack welsh of general electric got four hundred seventy million dollars when he left the company now we're going to look at exxon mobil's lee raymond he got three hundred twenty million dollars stanley o'neal merrill lynch one hundred sixty one the same year the investment bank reported losses of ten billion and now charles prince of citigroup also the same ski so he is definitely in a very good company there and overall it katie despite a pretty serious public outcry over these so-called golden parachutes over the past decade more than twenty executives worldwide received compensation of one hundred million dollars or more bringing the total to a whopping four billion dollars in combined compensation wow to my goodness me i think in this instance a lot can be said for being a peace maker. as well. ok we're going to check out the markets and see what is happening with the u.s. on the stocks did indeed pull us extending yesterday's drawl as a slump in apple and budget concerns over saturday a rise in industrial prod

was it former general electric c.e.o.suggesting the white house somehow cooked the books when the unemployment rate suddenly dropped the month before the election? here he was on "hardball." >> it defiers the imagination to have a surge -- any surge since 1983, a month before the election. i leave it to you to do all the analysis. chris: wow. or was it vice-presidential candidate paul ryan posing as a major marathoner? >> i just got asked what's your personal best? >> under three -- i think high two's. >> holy smokes. >> ryan's best time was not under three showers. but over four hours. or was it the captain of that cruise ship that went down aground -- went aground in italy and abandoned ship ahead of some of his passengers, "i tripped and ended up in one of the lifeboats." he said. again "that's why i was in there." or finally, was it karl rove? a fox news paid analyst but the guy behind a romney super pac frantic after fox's numbers crunchers called ohio for obama. even though all the networks had. >> do you believe th

this steam powers huge turbines to generate electricity.gy from a fusion reaction is 10 million times greater than burning coal. >> the challenge for nuclear fusion is to make that instant last longer than a few billionths of a second and to produce more energy than the process consumes. to do that will take decades, but if scientists can solve the fusion puzzle, it will be the dawn of a new energy age. untill then, we have to face our energy addiction and deal with it, which means putting all the green energy available to work while counting the real cost of fossil fuel energy in terms of what it is doing to our environment. we must also become more efficient with the energy we use from all sources, learning how to use less energy much less and how to get more, much more, out of what we do use. and if we do all that, we're halfway there. >> the most important thing 20 years from today, the biggest decrease in carbon emissions will come from energy efficiency. >> energy efficiency and green technology can solve our energy crisis. as profess

you could buy two thirds of apple the biggest corporation in the world for that you could buy general electric twice over and goodness knows how many times you could buy general motors so the question then is how the. how do you deal with this large amount of money and some ideas have been say set up a sovereign debt fund would be one of the biggest in the world already capitalized four hundred billion it would be four times bigger than the one that everyone was gasping at with libya for example but otherwise what we're doing is we're sitting with a pile of paper and government bonds and countries were those hold them see is in question and we know that the countries involved are printing ever more money i want to talk about the sovereign wealth funds for a moment david you have of course one in norway which is very very big which is serving the country well you have one cutter believe which is a very large and they're able to use that for strategic investments around the world and you're suggesting that's what's real and could have won maybe if they played their hand a little bit differently

first, the speculation: general electric reportedly is close to a $4 billion deal for italian aerospace group avio. according to the wall street journal a deal could be announced thursday. orders for new airplane engines have increased with g.e. looking to buy parts supplies like avio. shares of g.e. gained 1.4% on heavier than usual volume. a.i.g. shares jumped 3% on reports it could sell its stake in the asian life insurer a.i.a. group for as much as $6.5 billion. a.i.g. still owns about a third of the asian company. canada's third largest life insurer, sun life does have a deal to sell its u.s. annuity business. that business has been under pressure thanks to low interest rates and volatile stock markets. it is a $1.35 billion cash deal, selling to delaware life holdings. delaware is owned by private equity firm guggenheim partners. the deal involved 450,000 annuity policies that guarantee minimum levels of lifetime incomes for their owners. the deal helped shares of other insurers in the annuity business. htford financiaservices was up 3.6%. volume almost doubled. caribou coffee wil

in the dow, some analysts concerns hit shares of general electric and alcoa. g.e. fell hard, down 3.1%. investment bank u.b.s. removed the stock from its favored list thinking earnings growth will slow. alcoa dropped 3%. moody's put the company's credit rating on review for possible downgrade, thanks to falling aluminum prices. fighting against the weak market was oracle. the database software reported a strong quarter last night. and shares responded, jumping 3.7%, taking t stock to its highest price since the spring of 2011. digital storage stocks rebounded. western digital was up four percent. seagate technology increased 3.3%. both received positive analyst comments. fed-ex delivered earnings that were down from a year ago, but still stronger than anticipated. the drop from a year ago was blamed on customers using lower priced shipping options instead of the higher priced express shipping. shares gained 0.9% on strong volume. it pushed the stock to six week high. the company stuck with its previous financial outlook for the full year. after just five months on

we'd like to bring the medical prowess, its ability to generate electricity for you, we'd like to bring its cadre of people to rebuild your churches, your clinics, your homes, we'd like to be able to bring its operating rooms and 40,000 tons of icu's and hospital beds and transports and medical evac, whether we fly you in or float you in. that's what we'd like to bring. and like everybody else in the medical business, i wake up every morning and hope the next day i'm out of a job. i hope the next day that world peace has been declared and disease has been stamped out and nobody will be ill, nobody will be harmed or injured. until that day comes, it's my responsibility to be able to speak to the communicate dapblt and the chief of naval operations and tell them we are ready to go when you need us. and so i'm very proud to be here and witness and to somewhat extent participate in the collaborative efforts that are being made. i had a chance to be up close and personal tlau probably the worst hurricanes in the gulf coast in the last 40 years: ivan, dennis, katrina. and katrina i was the co