that was a tiny part of general electric transportation.hat we're intrigued with when we did the work and tried to untangle it and my partner who is one of the great forensics out there, they were pulling their hair out because when they were looking at general electric transportation, it was like a black box. they were having trouble figuring it out. and we found inconsistencies in numbers that we couldn't get lab tech to answer as it related to general electric transportation. so there's so much there that, you know, we all know he's on to something, you don't know what it is. it's a great one to follow >> it's a black box that's not going to end up well in my opinion. >> thank you, tom, herb, appreciate it talking ge today and the shares are rebounding slightly >>> u.s. homebuilding meantime fell for the third straight month as multi-family housing plummeted 16% in july. t erwe abuthe re couple of key bright spots we'll have that for you next >>> new home construction dropped in july, but there were some bright spots beneath the surface.

the generator that produces the electricity is in this truck. in off grid locations the dirty diesel generators are often used in are quite technology could replace them. today's wind turbines are mounted on towers the kites tethered to lines would rise to a height of 2 or $300.00 metres where the wind is stronger and more persistent than closer to the ground. the intercut laboratory is on the campus of the technical university of berlin. the engineers started experimenting 7 years ago with fabric kites. when the kite goes up the lines on furrow and turn a turbine which generates electricity. then the kite is pulled in again which consumes a very little power. it's like a yo yo going up and down. the team has moved on from fabric kites to ones made of carbon fiber. they build them and all the technology themselves and they're always having to redesign and optimize. as. it was to make as many mistakes as possible in as short a time as possible but only once we have to learn the mistakes make us smarter and then make products say. this is the last

the generator that produces the electricity is in the truck under the cable drums they hope it will one day replace inefficient diesel generators. turbines are fixed to the ground. connected to a base station and fly up to 300 meters in the air the wind is stronger and more steady at that height. their development laboratory is on the campus of the technical university of berlin. the engineers started experimenting with fabric kites in 2012. when the kite goes up the rope turns the generator trouble and generates electricity. then the kite is pulled in again which consumes very little power it's like a yo yo going up and down. over all that creates a surplus of election. most of their time was spent doing calculations or in the workshop. they built the kite and all the technology themselves and they're always having to redesign and optimize. as a mater our motto is to make as many mistakes as possible in a short a time as possible but i was only once because. i mean we have to learn and the mistakes make us smarter and they make the product safer as a hero. they've been working on the c

general electric shares fall the most since 2008 after accusations of fraud. matt: good friday morning. a historic week in markets. one in which bank of america says we have seen traders rage for safe havens like we have never seen before. part of the reason why we have seen yields plummet to all-time lows. nejra: what a week it has been. whipsaw in yesterday's session. we are stabilizing a little bit. haveabove 1.5% but we dropped more than 20 basis points on the 10 year yield this week. the curve in birding for the first time since 2007. we are above zero now. close toar yield stays 2%. in terms of other safe havens, that is part of what banc of america was planning to as well. matt: talking about the rush to the yen, rush to gold. the 10 year yield and 30 year yield. we do see the yen strengthening up a little bit against the dollar today. off.coming but still relatively close to the record high. a bit of awe see risk on read across futures. amidst this local bond rally, japan's benchmark yield has fallen further below the central targeted range. comments f

electricity. what can we do with it. what do you do in west texas in the middle of the night when you are generating gigawatts of electricity one wants. and you can't move anywhere else. so the different ideas people talk about hydrogen, bitcoin is a big idea. i don't know where that's going but i'm interested in that. i think that it's worth taking a step back and realizing that what we are talking about is that we currently have an abundance of good clean low cost electricity impute places of this country. we could build a better transmission system to move it around and share we could come up with an idea like hydrogen to generate more hydrogen in those places. but with that you still have to build new pipeline system to move the hydrogen around. [inaudible] although the ideas are being discussed right now. i'm not smart enough to think figure out what wins but as a reporter it's cool to step back and say wow, we are at a point we have a lot of cheap electricity we've got a lot of potential. we have an incredible wind resource we have a great solar resource how to use the best? >> california has a great problem right now

the generator that produces the electricity is in the truck under the cable drums they hope it will one day replace inefficient diesel generators. turbines are fixed to the ground. the kites will be connected to a base station and fly up to 300 meters in the air the wind is stronger and more steady at that height. their development laboratory is on the campus of the technical university of berlin. the engineers started experimenting with fabric kites in 2012. when the kite goes up the rope turns the generator drum and generates electricity. then the kite is pulled in again which consumes very little power it's like a yo yo going up and down. over all that creates a surplus of electric. most of their time is spent doing calculations or in the workshop. they built the kite and all the technology themselves and they're always having to redesign and optimize. as a. motto is to make as many mistakes as possible in a short a time as possible but i was only once. and we have to learn and the mistakes make us smarter and they make the product safe has it here. they've been working on the carbon

general electric has countered those games: the meritless, misguided and self—serving, speculation.sday and it's a clear sign that investors are worried. and they are worried quite possibly because of the source of information. as a track record of highlighting financial misdeeds, most recently he was the whistleblower who uncovered a $65 million scheme. the largest case of financial fraud million scheme. the largest case of financialfraud in million scheme. the largest case of financial fraud in american million scheme. the largest case of financialfraud in american history. this comes at a time where the profitability has ta ken this comes at a time where the profitability has taken a massive hit. thus jed profitability has taken a massive hit. thusjed was dropped from the dow 100 and had to lay off hundreds of employees. now let's brief you on some other business stories. the world trade organisation has ruled against us duties imposed on a range of chinese imports, effectively giving beijing a green light to seek compensation. washington imposed the duties after it accused beiji

harry calls himself a forensic accountant and he says general electric is hiding $40 billion of losses general electric has counted those claims, calling them meritless, misguided and self—serving speculation. nevertheless, ge shares fell by 15% at one point on thursday, and it is at one point on thursday, and it is a clear sign that investors are worried. they are worried quite possibly because of the source of the information. harry markopolos has a track record of highlighting financial misdeeds. most recently he was the whistleblower who uncovered bernie madoff‘s $65 billion ‘ponzi' scheme, the largest case of financial fraud scheme, the largest case of financialfraud in scheme, the largest case of financial fraud in american scheme, the largest case of financialfraud in american history. his report also comes at a time where ge's profitability has taken a hit. last year it was dropped from the dow 100 and has had to lay off thousands of employees. in other business news making headlines, shares of walmart jumping business news making headlines, shares of walmartjumping after repor

stock price in a press release spokespersons for general electric said quote g.e. operates at the highest level of integrity and stands behind its financial reporting. season ronnie and oil. anger will be released despite the calls from the united states to have the ship seized the supreme court in the british territory of gibraltar approved the release of the grace one after authorities in the region said that they no longer wanted to hold the tanker the grace one was impounded on july 4th by the british royal marine and the poor in law enforcement from gibraltar due to the belief that the ship contain oil headed for syria which would have violated e.u. sanctions against the nation the office of his attorney general stated that the captain of the vessel as well as 3 officers would also be released weeks after the seizure of the grace one iran's of revolutionary guard said that they had taken a british tanker this imperil in the crucial strait of hormuz accusing the ship of violating international regulations at this time the status of the stana impera is still up

first general electric the street reaction to those bombshell accusations that hit the stock yesterday and deere took a big hit after cutting its outlook again, but it's now higher 'lteou what's driving these turn arounds "power lunch" is is cocoming rit back >>> two big industrializedbacks today. this after ge suffered the biggest drop it's had since april of 2008 when madoff whistleblower just yesterday called the company a bigger fraud than enron and deere is up near ly 7% despite an ugly quarter. here to discuss these topics are morgan brennan and anesh gupta >>ge's ceo buying more shares yesterday which combined with his big purchase u tuesday nearly doubling his stake in ge. that plus a number of analysts and investors including citron batting down conflicts of interest, conclusions, also the rhetoric used in the report used yesterday. all that's helping to support shares today william blair arguing it has adequate resources citi perhaps capturing it the best quote allegations have holes, but do highlight ongoing concerns we think the market left ge's march insurance teaching wit

recession before the 2020 election >>> and general electric's ceo wants investors to know he believes in the company after the stock suffers its worst day of trading in a decade find out what he's doing it's friday, august 16th "worldwide exchange" begins right now. ♪ >>> good morning i'm courtney reagan. brian sullivan is reporting live from hong kong, a very global show this morning. brian, a busy weekend coming up, right? >> yeah. this place could be electric it could be rocking later on tonight. we're in a public park in hong kong the reason we're here is that there is a major rally, yet another one, expected for this evening. it's called the power to the people rally it will feature a speaker named joshua wong. he was really the leader of the 2014 protests. he ended up going to jail. they're setting up the stage there. in a few hours, 8:00 p.m. here, 8:00 a.m. your time back east, this should be filled with thousands or tens of thousands of people. the question for the cnbc audience, the question for the global markets is what is the reaction going to be what is the reaction of t

he says that general electric is hiding $40 billion of losses in its insurance business.tless, misguided and self—serving speculation." nevertheless, ge shares fell by 15% at one point on thursday and it is a clear sign that investors are worried. they are worried, quite possibly because of the source of the information. he has a track record of highlighting financial misdeeds, and most recently was the whistle—blower who uncovered bernie madoff‘s $65 billion ponzi scheme, the largest case of financial fraud in american history. the report also comes at a time where ge's profitability has taken a massive hit. last year, it was dropped from the dow 100 and has had to lay off thousands of employees. just to clarify, the london market is still shut. technical difficulties, apparently, according to the lsa. some slightly mixed m essa 9 es to the lsa. some slightly mixed messages coming out over trading and what is going on. joining us is mouhammed choukeir, chief investment officer at kleinwort hambrosa danish bank. we understand that the ftse100 has failed to open and we are

. >>> in money watch, general electric bankruptcy fears and wall street aims to end a mixed week on the upswing, that is all coming up. >>> another live look outside before we had to break, a shot at the east bay and the bay bridge this morning. we will be right back. >>> the we made great strides with science there are some dues and don'ts, temperature faith and how you live and see, consider your age if you have no known fertility issues and your the 35 try to conceive for 12 months. if you're over 35, try for six months before seeing a fertility specialist. >> sponsored by stanford services. >>> welcome back, area band playing at the gilroy garlic festival when a gunman opened fire last month took the stage for the first time since the attack. the classic rock band the 10 man almost finished their set when shots rang out that day, they crawled under the stage to hide from the gunmen. the force performance at the san jose to spill golf course, bill weir said he and his bandmates were apprehensive and a little nervous. spectrum over here it hit me, you know? i think we're feeling like

general electric suffering after reports of an accounting mismatch. general electric down 11.6%.t's get back to those markets. we are joined in new york by catherine grunfeld, and in london by kristine aquino. i want to start with you. i want to talk about these comments that seem to have moved the european bond markets. what we make of this? he is talking about getting the bazooka out and producing a big package of measures. absolutely, what struck me was the overshooting comments. this continues the string of bold policy comments from the central banks that we've seen globally since the fed came out with towing the line between rate cuts and rate hikes. since then you've seen moves from central banks everywhere else in the ecb, adding to that pile. talking about a potential bazooka in september. this goes to show that where policymakers outside the u.s. are thinking in terms of the timing for them to strike. let me ask if u.s. yields were being impacted by european yields. catherine: it feels like yields are moving in concert around the globe. if you look at action in the u.s.

that's what the man who blew the whistle on bernie madoff is saying about general electric, and ge's hit back hard. those stories and more tonight t"on "nightly business repor thursday, august 15th. >>> good evening, everyone. welcome. ll has the evening off. stocks couldn't figure out if they wanted to go up ordown. the dow and the s&p 500 finished the day higher, af rel for investors who were searching for answers after yesterday's big sell-off. trade pushed stocks lower and then higher asd money rus into the bond market yields fell and stocks followed. at one point the yield on the ten-year treasury dipped below 1.5%. that's the first time that has happened since 2016. the yield on the 30-year hit a recobu low, again, that didn't last. yields rose in an unusually harp way and stocks swung wit them. here is where the major averages closed on the trading day.o theu joins industrial daerage rose about 100 points, the n fell 7 and the s&p 500 added 7. bob pisani takes a look at the strange day. >> reporter: stock went for another wild ride with the dow swinging all day. we saw risk ac

>> it was also known that general electric write ent righp to the edge in many ways they were aggressive in terms of their accounting, but the individuals who ran ge, whether it was mr. flannery and his team, mr. culp and his team and immelt and his team, they had to know that by signing financial statements, they were pledging under penalty of going to jail that those statements were accurate and correct >> yeah. yeah and i think when you look at what's going on with ge right now, i mean you have regulators who have been investigating the company from several different agent issicies who have been lo at their accounting practices and long-term care insurance for example. the way they've looked at their industrial services, revenue businesses and some of those long-term contracts. so certainly, there has been investigation into this company. it continues to be ongoing ink one of the most surprising things today with mark the report and what he had to say on b cnbc is the fact that he allegations that the current executive team and his team who have been in place since last october, are b

generally think. this means they're not connected to the city's electric grid and. when it comes to their energy needs let's look at why they built it in house. this bicycle workshop is actually based inside the steel container. recently it was even kitted out with lights. and music keeps the workers in a good mood. the workshop is located in tempelhof park on the fields of berlin's former airport. most impressively the power is generated by a homemade wind turbine that rises 10 meters above the ground. the turbine can also power small devices like lamps and radios and it stores the power for when there's no wind. this one from. the electricity from the turbine comes in here is 3 phase alternating current it's then diverted to the top to the rectifiers that converts the 3 phase alternating current to direct current for the batteries it 1st goes through a fuse to protect the system then it goes to the batteries here of the batteries connected in series. the turbine was designed by environmental engineers dawn and. the turbine comes a self-assembly kit it costs around

. >>> up next, general electric fighting back against a madoff whistleblower who didn't exactly bringings to light about ge. what the ge ceo did in the brewing corporate catfight over financial fraud that now has ge stock spiking. that's next on "the claman countdown." liz: let's pull up ge. yeah, it is definitely bouncing back in this final hour of trade. but this 8% gain still has not erased yesterday's 11% drop. wall street fled ge at the open thursday after the company got hit with scathing allegations it's hiding $38 billion in potential losses. the report coming from this man, harry markopolos. he is the same whistleblower who uncovered the massive $65 billion fraud pulled off by bernie madoff, who is now serving a 150-year sentence. the head of ge is coming out swinging, using both his words and his wallet. to jackie deangelis on i guess which side the analysts are leaning toward. jackie: it's mixed right now. you've got some bulls on the street and you've got bears on the street when it comes to ge, but those shares as you said are rebounding today, after that sharp 11% drop y

general electric stock rebounded friday after the company's c.e.o. bought nearly 2000000000 dollars in shares as well as market analysts speaking out to defend the company's financials shares in the us industrial giant had plummeted thursday afternoon counting expert accuse the company of concealing huge losses. turkey's military pension fund has reached a provisional agreement to take over british steel and hopes the deal will close by the end of the year britain's 2nd largest steelmaker employs $5000.00 workers and another $20000.00 in the rectally it was put into compulsory liquidation in may when its current owners failed to find new funding. and now to a small town you've likely never heard of in the west of germany after world war 2 us troops were station and hopes. but as the soldiers left entire apartment blocks stood empty until 2 entrepreneurs came up with an idea building a base in germany for chinese businesses. will one is eager to do business in europe to do it he's moved with this family all the way from the chinese megacity of gwangju

and into magnetic coils that's how the generator creates electricity it's just one of the skills the participants learn in the workshop it takes a week of work to get the system up and running. and maintenance station for the rotor blades has been set up in the basement would often has not holes which makes the blades less aerodynamic so these bumps and holes need to be smoothed out. the conversion of wind power to electricity depends on the right of blades they can be wood rotor blades or the logic proxy resin blades used in industrial wind turbines if they were smooth and perfect then the conversion of wind into electricity is less efficient to. the wind turbine at tempelhof park regular checks this time and the manual dorner doing it themselves they're convinced they're turbines could be very useful in places that aren't connected feel like trickle grid. if the wind turbine is built properly and has a decent sized battery bank it could supply energy to a village in a rural area in another country in the. workshop and temple of park has more plans up their sleeves soon the turbine

in one of the pla nts generating electricity in one of the plants dropping off, it was wind power andre inclined to drop off in electricity gas plants? they are more inclined to variability of supply but the grid monitors forecasts, it knows when the wind is blowing when it is scheduled to drop so we recognise already that renewables are intermittent and actually the grid has evolved quite a lot to cope the intermittency of renewables to have back—up power available. that is a rather different question than saying at the any more likely to drop off for other reasons such as a loss of connection to the grid as happened yesterday. and that is probably not the case. but what is interesting is that yesterday we saw very high levels of wind generation asa very high levels of wind generation as a percentage of the energy mix and one of the challenges for grids around the world as renewables grow it is quite technical but it is around inertia, basically, the gas and coalfire around inertia, basically, the gas and coal fire tradition of power stations have more flexibility and inertia, they k

the gas that's produced their powers turbines to generate electricity to run the treatment plant. what's then left over is process water which is still pretty dirty it can contain compounds that produce ammonia which is toxic to fish so this process water has to be purified some more. we use a biological process to clean the water we deploy specialist microorganisms different from the ones used in the 1st stage of the process. this 2nd treatment step is complex and expensive. that's where yens hunger comes in. his company is developing techniques to improve the water purification process and make it cheaper. he uses samples from the treatment plant for experiments in his lab. for him wastewater is a resource a raw material and he hopes to make money with it one day. but violet light shows the purifying process is underway. it involves some pretty advanced plasma physics. has come on the force if you can think of plasma small both of lightning which carry a strong electric charge that can split molecules in the water and thereby purify the water i mean office of us on how to use. t

. >> coming up on fox5 morning a whistle-blower sounding the alarm on general electric comparing to it. >>> a growing online movement cvs.ng for boycott of we're still howling at the hisn on ty fdaornly m 99.perceni but who hairs. yocares.you can join u in hand holding and singing to 5:20 is our time, 73 degrees. cori is here jamming. this girl is getting her life. >> we don need full moon. >> we're craz enough, rigck? after this. >> ♪ why switch to fios now, you get the best internet on the 100% fiber-optinetwork. and now is your last chance to get a free samsung chromebook 3 on us. we are a very connected family. when the wi-fi slos. down, it creates ch that's pretty much how the chaos los.if i had like faster internet, it would make things mh, much easier.ig when youn up for fios gigabit connection you get our fastesspeeds available, enough for all your devices. yes!in that'ternet you won't outgrow. i just want things to work. only on fios. >> at 5:23 this morning, all new, general electric shares r plummeted yesterday a whistle-blower accused the compy of using accounting tricks to

general electric down 11% for the worst day lost in 11 years. we know that ge directors calling the allegations of accounting fraud baseless. ge fighting that back forcefully, saying it is market manipulation. scarlet: applied materials out with results, third quarter bottom-line and topline beating the average estimate. the fourth quarter, adjusted eps midpoint of its range, beating the average estimates, so the stock remains higher in after-hours, gaining 2%. that does it for the closing bell. next is "what'd you miss?" we will have more on the global economic picture as well. this is bloomberg. ♪ ♪ caroline: live from new york, i'm caroline hyde. here is a snapshot of u.s. stock markets. s&p.ose higher on the joe: "what'd you miss?" caroline: the bond rally marches on as investors grapple with headlines. , a fifth earnings wow game, revealing a healthy consumer in the face of the trade war. , thefends its financials stock plunges 11% as a whistleblower slams the company's accounting. fearse: recession continue to shake markets. u.s. stocks sw

a usjudge has partially dismissed a lawsuit by investors in general electric.rate had been accused of concealing $24 billion in insurance liabilities and using fraudulent accounting to prop up its power business. thejudge has now granted the shareholders permission to amend their complaint. later today india will reveal its latest growth figures, and they are expected to show that the world's seventh biggest economy is expanding at its slowest pace in more than five years. let's cross now to mumbai. two ratings agencies have lowered their forecast for india recently — what's driving this slow down in india? india is opening its doors to a host of foreign brands. we picked three product. to explain how these new rules are a game changer. until now, retailers like h&m and uniqlo had to source at least 30% of their materials from india. that was difficult. they were either unavailable or of lower quality. now those rules have been relaxed, making india an easier place to manufacture, and that will also boost exports. companies like ikea can now expand faster, sinc

project the turkish government wants to flood the historic town to build a down that will generate electricityfor the country's south east and that means people like him are are being driven out of their homes and one of the world's oldest inhabitant settlements. a brand new bungalow development is a rare sight in economically challenged south eastern turkey. a man and his mother are moving into one of these houses soon but they aren't looking forward to it they have to move because a new dam is being built and their old home in has some cave valley is going to disappear. the locals will have to relocate to new hudson cave which is higher up. but i could what's the use of a new town if the cost is the destruction of history and culture because of my absolute of course what we've become homeowners here but at the same time we've lost our rights. when one. has some cave on the tigris river is located in an area with some of humankind's oldest settlements the valley has been inhabited since the 3rd century the assyrians romans and still jews all left their mark historically significant mosques an

energy demand is increasing and electricity in particular that we are going to need a new electricity generation and because of the need for low carbon generation and a reliable form of generation nuclear needs to be part of that mix i think people now are looking at what is actually happening in germany so they did decide to phase out the reactors by 2022 but in doing so they have had to keep open coal stations that should have closed and so those coast oceans may not close until the mid twenty's thirty's much later than many other countries in europe are managing to achieve and by keeping those co plants open germany is doing much more harm in terms of air pollution and increasing greenhouse gas emissions so even though they have invested in renewables they're wasting their effort by keeping coal plants going instead of using all their low carbon generation russia's president has all of the military to help tackle siberian a wildfire has nearly 3030000 square kilometers have been affected prompting states of emergency in 5 regions summer fires are common in russia but they've spread further th

and create steam and generate electricity from that as well.umber of opportunities in the waste cycle where you can generate electricity. >> could governments be doing a lot more on that >> well, i think the first we want to do is promote recycling. that generally reuses it if you look at energy from waste as a disposal point, it's good because it's better than landfill and it generates energy, but your focus should be on recycling. >> just taking you back to the producer of food waste and here i'm referring to businesses, do you think it should be mandatory for businesses to now actually start recycling because it varies a lot from business to business >> yes, we do. a lot of businesses have obviously volunteered to do it and for separate food waste collections as well which we think is a really good idea and will boost it. scotland, the rate shot up to 40% on food waste. you can make big wins in this area. >> thank you for joining us on "street signs" today that was mick davis, the ceo talking about some of the challenges of food waste recycl

homes that is and many have not returned it means japan is now left with $33.00 reactors to generate electricity nationwide compared with $54.00 before the disaster the estimated cost for dismantling and decontamination is more than $2.00 and a half $1000000000.00 and it's expected to take more than 40 years jonathan carvers a senior analyst for the world nuclear association which represents the global industry he says nuclear power should be part of the drive towards low carbon elektra's to. it's correct that since the fukushima accident it was important for the industry to look at why that reactor or those 3 reactors have by accident and to take measures in order to make sure that doesn't happen again so of course we should look at the way in which current reactors are being operated and make sure they're safe and that has already been done but there is a need because the world's energy demand is increasing and electricity in particular that we are going to need a new electricity generation and because of the need for low carbon generation and a reliable form of generation nuclear needs to be

on the cbs money watch, a new step in the fight against robo balls and fraud accusations at general electrice new york stock exchange with more. >> on the earnings front, chip makers nvidia and applied materials will be in focus after releasing their quarterly report cards. both companies beat expectations . nvidia recorded a second reporter profit of $552 million. wall street finished in the mix yesterday after suffering big losses a day earlier. the dow rose 99 points. the s&p 500 gained seven while the nasdaq fell seven. did ge cook the books? a whistle blower says the company has been misleading the investors. investigator accused ge of e engaging in accounting fraud worth $38 billion. he said ge is hiding for bankruptcy and is hiding $29 billion in long term care losses. ge called the claims meritless. he's known for warning investors of schemes. shares of ge slumped more than 11% on the news. >>> cbs is facing a possible boycott after a public fight with a birth control delivery startup pill club. the companies are feuding over how much cva pays pill club to send to its customers. they

. >>> general electric's stock has been plunging amid allegations of a massive accounting fraud biggern the enron scandal. a whistleblower claims ge is using accounting tricks to hide its losses, amounting to $38 billion. the company calls the claims false and misleading. >>> now to a growing concern for travelers who stay in short-term rental properties. hidden cameras. two friends on a trip to atlanta say they found a camera in one of the bedrooms of their airbnb rental right next to the bed. they say the device was facing outside but they're concerned it may have recorded everything they said. >> you hear about this happening but you never think that it's going to be you. at first it was obviously dark and it was like in that corner. my immediate reaction was oh, there's something down there, it kind of looks gross and then it was us whispering, oh, god, there's a camera. >> airbnb says it has a zero tolerance policy for cameras in the bedrooms. the company has removed the listing from its website and says the safety and privacy of their guests are key priorities. >>> so miniature h

the major industrial stocks are lower, caterpillar, 3 m, boeing, general electric in total accounting one-third of the losses on the dow right now. analysts say it's the data from china and germany that highlight not just the slowdown in economy but the sharp decline in instruction production which is comprised of manufacturing and construction activity, especially in a market like china where a number of the industrial giants are seeing rising competition from local players. the other concern is that a weaker yuan and the ongoing trade uncertainty will incentivize more chinese firms to select local suppliers which would make it harder to win new deals in what was once a very strong market for the industrial names. i should point out it's still up to a year-to-date. it's had a pretty strong year, a lot of that has to do with the outperformance in defense and aerospace names. >> another name we're going to have to watch coming into friday is going to be dooer and the earnings there >>> one of today's biggest movers to the downside, apple down more than 2% along with the major indices,

project the turkish government wants to flood the historic town to build a down that will generate electricity for the country's south east and that means people like. her are being driven out of their homes in one of the world's oldest inhabitant settlements. a brand new bungalow development is a rare sight in economically challenged southeastern turkey. it is a man and his mother are moving into one of these houses soon but they aren't looking forward to it they have to move because a new dam is being built and their old home in has some caves valley is going to disappear. the locals will have to relocate to new heights and cave which is higher up. what's the use of a new town if the cost is the destruction of history and culture because of my absolute of course what i've become homeowners here but at the same time we've lost our rights again there's a lot about when one. has centive on the tigris river is located in an area with some of humankind's oldest settlements the valley has been inhabited since the 3rd century the assyrians romans and still jews all left their mark historically sign

it does generate electricity, it takes electricity! >> exactly. indmill that runs of the diesel generator. it doesn't even come close to solving the problem. the problem of plastic in the ocean is coming from india and china. this is a feel-good thing that's actually worse. when did mcdonald's become the point man for this? when did life turn into a monty python skit? when they invented the paper straw, who rented to the board meeting going, i've done it, man, i've done it. it's a straw that will dissolve in liquid. no one saying -- you're going to put it in liquid! >> tucker: that's a really good point. plastic water bottles now banned in san francisco, apparently. is this going to make life better for a single human being, do you think? >> no, it's going to make my line to the tsa that much longer because now people are going to have to come with metal water bottles. you might as well put your water in a pressure cooker at this point. >> tucker: so -- what would be the -- i mean, i'm starting to believe that the point of all these laws is to make