general electric turned it into a spinoff in an ipo.nder her leadership, synchrony's stock has grown 40%, and wall street's most famous investor, warren buffett, last year became one of her biggest shareholders. yet, u.s. retailers are shutting stores at a record pace, and now margaret keane now has to rethink her strategy, helping stores thrive in an online future and diversify her company beyond retail credit. on this addition of "bloomberg big decisions," margaret keane. david: welcome to "bloomberg big decisions," good to have you. margaret: thank you for having me here. david: you spun out ge capital. is your business better off on its own than with general electric? margaret: i am so excited we are on our own. one of the things we have been able to do is refocus who we are and make decisions from an investment perspective. as a leadership team we can , really focus on the most innovative technology out there and change the vision of our company going forward. david: general electric was always more or less a conglomerate. what are

i think some of the strategic decisions made at general electric for horrible.sset capital allocation was a disaster. to me they got out of the financial services business at exactly the wrong time. maria: and energy. >> that was done to accommodate wall street. wall street didn't like them being in that business so they got out of that business. look what jack did with gevment capital and the enormous contribution it made to the whole game. maria: where do you find growth right now? and where you are allocating your capital. >> i'm look at small to medium-sized companies. i can get to know them better. i can get to know management better. if you are right, one of the companies i like is first data corporation. i think they are in a sweet spot right now. i think more importantly they came through a rough patch. he kept it together. he's cleaning up the balance sheet. maria: and he's a great man. >> frank has all the time in the world to do it right and he is a great man. i think in the next five years the stock will double. if that happens, i'll get 14% on my mo

. >>> has general electric bottomed the stock has been clinging.here is a room for a tad bit of optimism why do i think ge could be done going down when the biggest bears seem to be doubling down with their negativity. let's go business line by business line. first, we have to start with aerospace. nobody has ever doubted the company's jet engines. i keep arguing that some bear argued no one is willing to go there. business is strong here. ge did build america's first engine and has the gear turbo fan engine its engine power two to three every departure. how about health care? john flannerry came from the health care business the wall street journal did record ongoing talks here. if this is true, it changes it into its favor and look, the best acquire in the sector, maybe that was just an opening bid if ge was in trouble, they probably would have taken the deal as we heard from every single railroad operator, there is not a demand for lock motives. now, the the piece of resistance i am willing to entertain the notion of a bottom look, i know oil ha

yeah that general electric.t spent a last year and a half getting spent in a meat grinder the charts are not part of the ziet geist for starters, chaikin power gage turned bullish last week we consider this positive turn, a very big deal. wheel ge relative strength is weak, money flow this is a real look forward into the future a lot of this comes down to the better than fewer quarter that ge reported. cutting costs aggressively, stock gapped up on the news. now, remember, we have positive analysts, over jpmorgan saying no, no money managers could bet against it with impugnty, now chaikin thinks the shorts are covered and the longs making its move. in a confusing and vile till market, it is good to have touch stones to fall back on these charts interpreted by chaikin. eog resources general electric and yes combined industrial are exactly the kind of stocks you might want to buy into the current weakness you are getting a bargain in marathon our nation's largest refiner at the time of this epic term is right to b

eastern time, bob reich, former vice chairman of general electric.elcome to starbucks has told its employees that anyone is allowed to use its restrooms. the announcement details any person on starbucks property is considered a customer and are not required to purchase anything. the policy change following the arrest of two black men in the philadelphia starbucks denied access to the restroom, the two men were waiting for her a friend who hadn't bought anything when officers called. starbucks down 7% over the last year. those are your headlines on this monday. train to leak him your thoughts on this change of starbucks right now. >> starbucks is powerful in that they really understand the power of the symbolic gesture. making sure that they have a policy change. whenever there's a crisis committee take actions and they speak a lot louder than any other words they could have. the deal at this very, very well. i think it's an important step for them. >> it is also good news in new york because new york doesn't have any public bathrooms unlike any other

let's start with general electric. the company's aiceo today he sees no profit growth at itsow troubled unit this year. as part of a presentation that was posted on ge's website, john flannery said he expects the market for heavyy d gas powered turbines to remain weak through 2020. it was a reminder to nges at thes that c 126-year-old conglomerate won't happen overnight. to quote mr. flannery, he said, this is not going to ck a q fix. that sent the stock lower by 7 today.ercent the worst day in more than nine years. >>> now to tiffany. while it may not be as widely held as general electric, today it proved that its turn around plan is starting to sparkle. e sales and profits trounced the forecast thanks to the americans and asia pacific region. the company's new strategy included selling lower priced items which attracted millennial shoppers and it paid off for shareholders. that stock surged ts23%, best day in more than 17 years. >>> so clearlyernvestors watching earnings, but they also paid close attention to the fed

. >>> general electric is the worst performer in the dow at this hour. leslie joins us. >> flannery was speaking at an industry conference where he affirmed ge's targets for profits and free cash flow and also saying he doesn't expect to see profit growth at ge's power business this year most of his comments were focused on that part of the business, which along with ge capital are seen as beleaguered units in the company flannery told the conference the management team is focused on what they can control, which included better operating he can accusing and getting margins higher flannery repeated the phrase "back to basics" several times adding he would be the first to say it's been a quote challenging first year since taking the helm. >> challenging is putting it politely leslie picker. joining us, christopher glenn. thanks for phoning in. especially on a day when we have so much news on general electric you said the 2018 outlook included a second half uptick in power which seems to be the opposite of what we are getting from the ceo right now is this

take a look at general electric shares.clawing back in the final hour of trade. why? charlie gasparino tweeted this out, 3:25 p.m.: general electric said to have multiple bidders for its iconic lighting business. that began more than a century ago, charlie. >> you know, poor tom. i mean, that's what happens when you run a company that's light are on cash flow, then they cut its dividend that needs to sell $20 billion of assets, you go for the stuff that people will buy. and from what we understand, it's been -- people know that they're out there hocking the iconic lighting business that began with thomas edison -- liz: that's a charming word, hocking. [laughter] >> it's true. we understand from sources close to the company that they have multiple bidders for this, that there's not just one company interested, there's several companies interested. and that's a good thing if you're ge looking to sell something and get some cash. now, we understand what people are saying that they could get about a billion dollars for this. th

corporations of business overall is minimal yes you have a couple of companies like boeing indirectly general electric who have a deal pending with iran but it really does not matter that much for the u.s. economy what you did see is that was all those tensions with iran also was venezuela by the way as all the geopolitical tension that is going on you see oil prices moving higher here on monday by another one and a half percent an oil actually trades at the highest level in three and a half years but for u.s. companies all the iran talk in general doesn't really matter that much so that oil slick skids high and briefly are americans broadly welcoming trumps trade policies . well it really depends what angle you're looking at when it comes to iran i have the feeling that a lot of americans especially conservatives evangelicals and other groups or coal voters of donald trump they actually support the u.s. president when it comes to trying to it really depends on the industry of the agricultural industry for example here in the u.s. there we do hold that the trade tensions do not escalate so a mixed rea

>> general electric, investors hitting the panic button we'll tell you what ceo said united decision to cancel nra discounts turn out to be a personal decision. why? we've got pa special report. >>> later, he is back, coinbase president here with major announcement that could send shock waves across the crypto space. some leaked out earlier today but a key part did not and you will only get it right here on "fast money. stay tuned crypto fans and haters live at the market site in tesim square do not go anywhere much more "fast money" right after this because, when you really, really want to be there, but you can't. at cognizant, we're helping today's leading media companies create more immersive ways to experience entertainment with new digital systems and technologies. get ready, because we're helping leading companies see it- and see it through-with digital. yourbut as you get older,thing. it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an i

mean first of all besides some exceptions like boeing for example maybe also companies like general electric there are not that many u.s. corporations doing business in iran but then again certainly the relations between the european union and was the u.s. are pretty tense already or was all the trade talks and if there was some fighting going on about the iran deal that definitely does not really help the relations but we should not just look at europe look at china for example for the u.s. cultural industry china is crucial so therefore all this tension regarding the iran deal even if it's not having an direct impact on the u.s. economy it certainly does not help in this overall really tense situation when it comes to all the trade talk a financial correspondent yeah thanks a lot. the inner city of johannesburg has changed since the end of the apartheid going from a shopping district aimed. white clientele to a buzzing african trading hub hundreds of millions of euros worth of goods sold here every day by thousands of traders that few seem to have noticed as this cash economy operates unde

obviously how general electric.general electric as we all know has had their struggles as of late. this one could be a big deal for them and they've got a cash flow problem. three to six months to worry about it. we've got it all over the world. cheryl: we are over 71.gerald this point. >> 75 is the next five. oil is not going to run away from us. we continue to find more not just in the u.s. but all over the world. opec can do with geopolitical issues with syria and iran, but oil can't really run away from us because there's a lot of it out there still. >> i've got a really serious questions for you. why didn't you bring up the fact you're getting married saturday? >> well, somebody finally caught me. due to my size that wasn't that hard to do. who knows. cheryl: congratulations. you are one of our favorites of our favorite thank you no one were very happy for you and your future bride to be. >> definitely good. gerri: scott, thank you for coming. great to see today. cheryl: thanks for joining us on "fbn:am." alway

and then you'll see it's just like in a coal fire power plant to generate electricity heat. the energy in the future and so you can be improved also for the by having my p.t.o. . function mckeever entire temperatures because that's a limited amount you can only concentrate so much of our power before most people begin to melt. concentrated for power to feel more expensive before some fuel to work with the new technology the whole basis of the price will be brought down. to another week a few imax before we get started let's have a look at what's coming up and today's show. second nature and that's designed or inspired by the work around. offer i've got a charity event and dance that's a record for the nation.

hydroelectric power plant built in their country with the understanding that it will be there generate electricity it will create jobs the your children will be able to learn to read at night because of the electricity all these things were total scam it was never going to pencil out and they knew that that money flowed from the i.m.f. and the world bank not to the country but to the engineering firms like halliburton and bechtel in john perkins broke the company was called main but they're gone and so these indigenous people in these third board countries would be left holding the bag on a huge debt that could never be repaid because it was never meant to be repaid it was always a scam so when we could make their payment the you know that the i.m.f. and world bank would say you know and you know it's a lot of money but i think we can work something out you need to vote with us on the next un resolution or maybe you have to privatized your lumber industry and sell it to my buddy or allow us to build a military base once i read that the pieces sort of all came together and i realized. the these ins

it's international which is a joint venture between general electric and saffron as a little cranky engine in part at least in g.e.'s is that it's a joint venture between those two and. so there's there's thousands of these out there tom how much of a southwest flight for example has these planes with these engines any idea well it's going to it's somewhere in the it could be somewhere in the four to five hundred range of what seven hundred. of their fleet is about eight hundred ok theoretically and i don't want to jump to any conclusions as i say you got to be deliberate and i know that from my time in government but if they said these engines are a problem i mean it could theoretically just theoretically try to put southwest out of business if they said you can't fly these planes they're not going to you know telling them which is a yes you're absolutely right i mean because this this this type of aircraft this seven hundred series is the bulk of the largest bulk of the the southwest fleet ok so we anticipate jamie that there will be some news about increased in school they've already st

general electric has taken the biggest step in the ceos plan to get rid of unwanted units.agreed to merge its century old locomotive business with a train maker. 2.9 pill -- $2.9 billion in cash. --ended its shareholders said its shareholders will own part of the company. netflix has agreed to a multiyear pact. the former president and first lady will produce films and series, possibly scripted series , documentaries and features. president obama said at their hope is to share stories that promotes greater empathy and understanding between people. that is your business flash update. china's population control policy could be coming to an end. the economic impact of removing the country's performance next. this is bloomberg. ♪ erg. ♪ ♪ vonnie: this is "bloomberg markets." i'm vonnie quinn. shery: after nearly four decades, china's birth limit may be coming to an end. the country is said to be considering an end to the controversial policy is in is is here. joining us to discuss is dan maas, bloomberg opinion columnists. even if the changes do come at the end of this year, we

general electric's ceo seemed to indicate that the turn at ge is not yet at hand. nobody said it was going to be a quick fix. did we think the company would be further along with this yes. when he took over last measure is he had no idea how bad things were the previous ceo put a good face on a very bad situation. i'll being diplomatic. today's action tells me you need to keep your eyes open for change boy oh, boy has it ever been rewarded to put it another way instead of being blown away by the tiffany designs i should have been blown away by how the stock didn't keep up. if you didn't know better, you would think that tiffany got a takeover bid no. just a better than expected quarter. rich in pennsylvania >> caller: jimmy, jimmy, how are you doing? >> i'm doing real good how about you? >> caller: fantastic i value your opinion on a protolab 3d printing. symbol prlb. >> listen, we do 3d printing around here, we do one hinge, hp, and we never deviate from that we like the pros let's go to kathy in indiana kathy. >> caller: hey cramer. you are currently coaching thr

it is also bad news for general electric. major european carmakers have been monitoring the decision. holds 30 percent of the market share and hopes that they will adopt a common position on iran. the hotel industry also risk severe losses. french hotel company or spanish company may have to close their establishments in iran. meanwhile, he you have already begin to draft blocking the new sanctions. aseuropean indexes are mixed officials digest the news. and the dax is up is on either side of flatline. everyone is on -- everyone's eyes is on the price of crude. it is nearing $71 a barrel. 78.t crude closing in on earlier we spoke to it equity analyst in hong kong about this. >> secondary impact is whether or not this will impact inflation in the u.s. and whether they're willing to look havegh the inflation thehey already recently achieved. and whether that will tighten monetary policy further. where ano go to cuba economic conference is underway. >> they didn't kick off the latest meeting in havana. and they will hold this fo

i think some of the strategic decisions made at general electric for horrible. capital allocation was a disaster. to me they got out of the financial services business at exactly the wrong time. maria: and energy. >> that was done to accommodate wall street. wall street didn't like them being in that business so they got out of that business. look what jack did with gevment capital and the enormous contribution it made to the whole game. maria: where do you find growth right now? and where you are allocating your capital. >> i'm look at small to medium-sized companies. i can get to know them better. i can get to know management better. if you are right, one of the companies i like is first data corporation. i think they are in a sweet spot right now. i think more importantly they came through a rough patch. he kept it together. he's cleaning up the balance sheet. maria: and he's a great man. >> frank has all the time in the world to do it right and he is a great man. i think in the next five years the stock will double. if that happens, i'll get 14% on my money.

yes, you have a couple of companies like boeing and general electric who have deals depending but iteally does not matter that much for the u.s. economy. what you did see is all of the tensions with iran and venezuela , the geopolitical tension that is going on, oil prices are moving higher and oil is actually trading at the highest level in three and a half years. u.s. companies, it does not really matter too much. brent: are americans broadly welcoming trumps trade policies? >> it really depends, what angle you are looking at. when it comes to iran i have the feeling that a lot of americans, especially, conservatives and evangelicals are supporting the u.s. president when it comes to china, it really depends on the industry. the agricultural industry does help that the trade tensions do not excavate. -- escalate. brent: back to the fallout of the presidential elections. brent: vice president mike pence described president maduro's like -- landslide win today is ace -- as a sham. venezuela's opposition party boycotted the vote. today there celebrated winning a second 10. -- term. >>

caller: i work for general electric here in upstate new york. blue collar worker. r plant was moved to juarez, mexico, because of the nafta trade agreement and 200 left our jobs. now, seven of us signed up for the trade adjustment act and all seven of us graduated college. i got my bachelor's degree. then i got my teaching certification. i ended up doing ok. it was a long haul but ended up k. host: thanks for the call. guest: most of the other retraining programs are $3,000 per worker and that's enough for a short-term occupational training. host: what does that pay for? guest: the t.a.a. is paying for the tuition that this caller used to go for college. whereas the other programs might pay for short-term training like training to be a truck driver or training to may be a welder or medical assistance. host: what about the living expenses you're occurring going back to school? guest: trade adjustment is unique. you continue to get the same as unemployment benefits as long as you're making satisfactory progress in your training. in t.a.a. you get two years after you

first of all, besides some exceptions like boeing, for example, maybe comedies like general electric, there are not that many u.s. corporations doing business in iran. but then again, certainly the relations between the european union and the u.s. are pretty tense already. there is all the trade talks. if there is fighting going on about the iran deal, he definitely does not really help relations. to look at china, for example, for the u.s. agricultural industry, china is crucial. therefore, told us tension regarding the iran deal, even if it is not having a direct impact on the u.s. economy, certainly does not help in his overall really tense situation when it comes to the trade talk. helena: financial correspondent jens korte, thanks a lot. canadian prime minister justin trudeau says he feels positive about talks to rework the north american free trade agreement, for nafta. his comments came as a thursday deadline passed without agreement. u.s. officials say the talks needed to back up a very soon to give the current congress time to vote on a final text for revamped nafta. mexico s

you can use it we are looking at general electric. it is still up.he session lows after charles gasparino tweeted out my mins ago about a possible dividend cut. it's not funny. some people are trying to get this up. here is what we know. they announced today. they are doing a deal especially a merger with another company they head about 2.5 billion dollars from that. they've david billion dollars from the sale of the healthcare unit. they are still about 17 alien dollars short of the goal of cutting $20 billion in cost cuts during the first year in office. with people inside ge are telling me the talk insight is that there is a further cut to the dividend to make up this difference. there's just not enough stuff that you can sell. they are talking about that internally. flannery had a meeting from some executives a couple you weeks ago. even some past executives showed up. the message to him was get moving fast. the cost cuts are not materializing in a rapid pace. i have to do is add up what he sold so far. 2.9% you get out of this. he has three or f

work for general electric and it's a blue-collar worker or plant was moved to mexico because of the nafta trade agreement. 200 of us loss our jobs. seven signed up for the trade adjustment act. all seven of us graduated college. i got my bachelors degree in teaching through certificate. it was a long haul but it was the best thing that ever happened. >> guest: it's great to hear the success story. it's one of the only programs we have that allows them to go back to college. most of the programs are only about $3000. >> host: what does that pay for? >> guest: is paying for the tuition this color used to go to college. other programs might pay for short-term trainings like to be a truck driver welder. >> host: what about the living expenses you're incurring. >> guest: trade adjustment is unique. you continue to get unemployment benefits as long as you're making satisfactory progress. you get up to two years after your laid-off. so if you had some credits you could get maybe a bachelor's degree. you have to meet the requirements and passing. >> host: how long can he stay on it? >> guest: up

so they decided to charge rate payers who are using electricity that's been generated by nuclear power a fee. fee-based system to help the industry find a location to store their spent fuel and for us to clean up the defense sites. pretty good proposal. years later, they're trying to find the location, they do three analysis, yucca mountain was on the top three of each three. then as i'll mention tomorrow, senator johnson and a guy named john dingell said yucca mountain. we need to move forward. so that was in 1987. then we started generating the movement to get to a point where under the law, the constituent of nevada could say we reject the proposal. which they did. the law then said, the federal government could veto their objection. which we did. so that was to go forward. we had an administration that obviously -- mr. newhouse: mr. speaker, two more minutes for the gentleman from illinois. the speaker pro tempore: the gentleman is recognized. mr. shimkus: we had an administration -- administration that put a pause on that for about eight years and now we are ready to move forward

didn't find any additional flaws but some of the blades were sent back to the manufacturer, general electric, for more examination. >>> ford says it will restock the production of the f-150 truck, it's best telling -- its best-selling vehicle. it will start rolling down the assembly line tomorrow. as a plant -- at a plant and -- in michigan. fort had to shut down those assembly lines after a fire at a supply company that makes key parts for that truck earlier this month. it affected 7600 ford employees. fort is hoping to make up the loss -- lost production time by adding shift at its plans. >>> the price at the golden gate bridge could go up. drivers are allowed to park on we can for a five dollar daily rate. the toll plaza parking lot on the san francisco side is $.25 every 15 minutes. but under the proposal, drivers would be charged five dollars an hour at both lots. according to the bridge district, $200,000 every year with the increase. that can go up to $400,000. >>> time is 4:48. so far so good on the roads, sal? >> yeah, so far so good. we've had a couple of tough days, as you guys kn

to include those orders on its books but suppliers to boeing could also be affected including general electric, which makes plane -- engine parts for boeing plans. and google is adding mobile boarding passes and event tickets to google pay. it's a move that brings the digital wallet more in line with apple. the iphone has offered the ability to store mobile tickets inside of the wallet app since 2012 and google pay already let's you do that with credit cards and loyalty cards but now android users will find digital passes and scannable tickets within the app as well. back over to you. >> let's go shopping. >> that app is very useful. >> do you ice it? >> and i taught my mom to use it this past week. >> you heard this several times last night, california is the fifth largest economy in the world. you can see that in action in our ports and airports, the port of oakland ships 6,000 containers of meat last year, that's a 60% increase since 2016. meanwhile, shipments of fruits and veggies are up nearly 40% and we actually go to the state's department of transportation data and passengers and cargo

general electric's dividend will reportedly stay impact. bc said the conglomerate does not plan to cut the payout next year shares severed theirorst llop in nine years, today up almost 3%.gh costs caused earnings and sales to come in a little light over an hormel. the maker of spam noted higher fast-break and cmodityprices, the coke fell to 35.42. >>> a poultry producers sanderson farms said the weaker pricing p causedfit and revenue to miss estimates in the most recent quarter. th i company said expected grain price toss increase in the second half of this year. shares were off nearly 1% to 106 had the 02. >>> med tronnics said higher sales helped earnings grow and topped expectations. the company also gave earnings guidance for 2019 in line with estimate. shares rose 2% to 86.99. >>> after the bell, gap reported stronger than expected earnings, but that was overshadowed by disappointing rules from the old navy brand.av old has been a bright spot in past quarters, but not this time. its sales slowed down and led to an overall miss a gap. g

are clearly superior and so they are going to be implemented, and each of them operates by generating electricity. as a result, it is in the best interest of the citizens of san francisco both present and future to migrate to the transit system to one that operates with electricity as soon as possible so it can be seamlessly integrated with the cleaner energy sources of the future. >> thank you, sir. next speaker please. thank you. >> thank you. >> good morning. i am emily and i am an outreach coordinator with the union of concerned scientists. thank you for the opportunity to comment today. on behalf of the union of concerned scientists and our nearly 8,000 supporters and members in san francisco, we are encouraged by your recent commitment to move forward with 0 emission bus project and urge you to take seriously the need to convert muni's fleet to 100% zero emission as soon as possible. we appreciate that the city is beginning to address the potential operational hurdles by deploying the fleet and launching the pilot project, and we are optimistic about the results. as you look at the performa

the plates were meant to generate electricity from thunderbolts. however the dodgy spacesuits gave itop story, the dramatic election victory for malaysia's veteran leader mahathir mohammad, who at the age of 92, has defied all odds to become the country's prime minister. tricia yeoh from the institute for democracy and economic affairs in kuala lumpur says it was an unexpected result for pollsters. it has been a long and sleepless night for myself and many malaysians anxious to look at the results. the results did not come in untiljust a few hours ago. the election commission took its time to announce. yes, none of the pollsters and pundits predicted this. you basically saw the opposition coalition, pa katan ra kyat, sweep parliamentary seats, state seats throughout the country, defeating the incumbent barisan nasional, that has been in power for more than 60 years. that is a very long time. their dominance over the malaysian political scene has always been seen or considered to be undefeatable. this is the time when the citizens actually rose up and spoke up against what they felt to

hard to say what we got out of that but he did say he likes general electric's management. >> i actuallye's doing very logically and i'm very familiar with he and we do a lot of business both on the buying and selling side. and it's a terrific american company from way, way, way back. i want the company to do well. >> back to apple apple is a relatively new investment for berkshire hathaway but this is one that buffett has really plowed into and plowed into in a big way even before this additional stake that he bought in berkshire -- in shares of apple it was berkshire hathaway's biggest investment now a $43 billion investment and that is, by far, the largest stake. the second biggest position that berkshire owns in any stock is in wells fargo at $23 billion. number three is bank of america at $20 billion heinz kraft at 18. you always like to do these annoying comparisons just add up a few of their investments. you'd need the wells fargo and kraft/heinz to get as big of an investment as they have in apple shares >> i would assume it's the largest single stock investment that berkshire ha

. > the transformation of general electric continues. the company is merging the bulk of its transportation business with railroadme equ maker lab tech. it's a deal worth $11 billio ge and the shareholders will end upholding 50.1% of the merged company. the deal is all partf ge's strategy to pare down to three core businesses, namel power, aviation and health care. this is the biggest deal done by ceo john flannery since he announced his plan to remake the conglomerate. shares of ge and lab tech both rose in today'sg. trad ge is up 10%, by the way, over the last two months. >>> from a stock that is rising to a sector that is falling. consumer staples is the worst performing group this ar. th sector is down 13% while the s&p 500 is up 2. this a sector to steer clear of or are there torgains waiting e bought? here to talk about that is nancy tangler, chief investment officer at hartland international. welcome back. nice to see you. u, >> too, sue. >> are you finding value in this particular area? because it has been a really rough patc >>

more bad news for general electric the stock dropped 7% this weeker i aft ceo, john flannery, said that the already watered down dividend wasn't safe. it was the biggest drop for ge in nine years. for a brief moment this week netflix became the largest entertainment company in the world. the online streaming giant passed disney in market cap briefly thursday, netflix shares are up 71% just this year, and as we enter the holiday weekend u.s. drivers are looking at the highest gas prices seen in four years. the national average is nearly $ 3 a gallon, about $0.60 higher than last year analysts say the price could actually settle over $3 a gallon for the summer. maria back to you. maria: thank you, adam it was a volatile week for stocks investors reacting to worries over trade deals the federal reserve, rising oil prices, and of course earnings news as well. how should you plan to navigate the week ahead? the founder and chief investment officer of the bon ton group is with me, joining me right now david great to see you. >> great to be with you. maria: thank you for joining us so they bas

least so far on his promises also, your confidence in the dividend speaks as to the ability of general electrico generate that cash that supports it so those are all long term issues n. terms of the progress that he has made so far, and the plans that he has made so far, do you like them do you think he is on track? do you think the company can generate enough money to cover the dividend. >> i think it is a good starmt he needs to continue to diversify therd bo we would like to see more outside ideas coming in to that board. there is a diverse set of product mix. i think that's one of the challenges for wall street trying to figure out what ge exactly is is it an television company, an engine company what kind of profit centers are going to generate returns? we think they have to make good decisions about the capital allocation, where they put that money in terms of dividend, in terms of reinvesting in the businesses, which businesses to continue to hold and which businesses to consider acquiring. it is going to be a long time period it is a giant ballship like our fund. when you are a huge shi

general electric, another dow stock up big as well.greed to merge its transportation unit with rail equipment-maker. i think, i don't know whether it's a merger or a purchase. it is $11 billion and ge is up. >>> big tech names. where are we? all of them are up and we have microsoft up a buck 40, nearly 1 1/2%. we like the look of that one, don't we? then you have tesla, one analyst says the stock could hit $500 a share because of profits that tesla theoretically will make from the model 3. the stock is up at 11 bucks at 288. >>> back to my editorial at the top of the hour. i'm wondering what president obama knew about the spy that was inside the trump campaign. former trump campaign deputy director david bossie. i think that is a real breakthrough, that james freeman article, where in the world was barack obama, i think that brings up things to a whole new level. what say you? >> that is exactly right, stuart. we need to know what the highest levels of our government knew about potentially spying on a candidate for president and his ca