but general electric is a person. an immortal. but general electric is a person. an immortal super powerful person this perversion of the. super powerful person this perversion of the. elementary morality and the obvious meaning of the law it's got elementary morality and the obvious meaning of the law is quite incredible. in the 1970 s. the courts quite incredible. in the 1970 s. the courts decided that money is a form of speech. decided that money is a form of speech. but reverse value led you on through the years to citizens united which says that reverse value then you won through the years to citizens united which says that the right of free speech of corporations members spend as much money they want a case that the right of free speech of corporations members spend as much money they want can't be curtailed. if you look at be curtailed. take a look what that means it means that corporations which anyway have been pretty much but that means it means that corporations which anyway have been pretty much buying elections are now free to do it with virtually no

company is and yes thomas edison the inventor and businessman by 896 general electric was one of the founding 12 companies that made up the newly created dow jones industrial average g.e. is the only one of those 12 that is actually still in business today and what a business in its 127 year history g.e. has had its hand in everything from light bulbs x. rays refrigerators to televisions to commercial jet engines nuclear power plants military contracts even films and television production one of at one time it owned and b c universal which is why many are now how shall we say concern over the cracks that have developed in g.e.'s now evaporating profits in recent years cracks that have led general electric chief executive larry culp to start freezing its pension plan for about $20000.00 u.s. workers and offering pension buyouts 210-0000 former employees of the conglomerate joining the ranks of u.s. companies phasing.

so in fact general electric are paying 0 taxes and have enormous. so in fact general electric are paying 0 taxes and have enormous profits let them take the profits somewhere else or defer it but not pay taxes and profit let them take the profit somewhere else or defer it but not pay taxes and this is. the maid and this is. the major american corporations shift the burden of sustaining a society on to the rest are american corporations shift the burden of sustaining a society on to the rest of the population. of the population. solid. solidarity is quite dangerous from the point of view of the masters you're only supposed to care about yourself there he is quite dangerous from the point of view of the masters you're only supposed to care about yourself and not about other people this is quite different from the people they claim and not about other people this is quite different from the people they claim are their heroes like adam smith who based is whole approach to the economy part of their heroes like adam smith who based is whole approach to th

born multinational corporate giants there are very few that can come close to general electric or g.e. on that truly iconic scale 1st incorporated back in 892 is the result of a massive merger between the thompson houston electric company and the edison general electric company is and yes thomas edison the inventor and businessman by 896 general electric was one of the founding 12 companies that made up the newly created dow jones industrial average g.e. is the only one of those 12 that is actually still in business today and what a business in its 127 year history g.e. has had its hand in everything from light bulbs x. rays refrigerators to televisions to commercial jet engines nuclear power plants military contracts even films and television production one of at one time it owned and b c universal which is why many are now how shall we say concern over the cracks that have developed in g.e.'s now evaporating profits in recent years cracks that have led general electric chief executive larry culp to start freezing its pension plan for about $20000.00 u.s. workers and offering pension

we have to remember that general electric is substantially a financial institution today general electric is substantially a financial institution today it makes half its profits just by moving money around and complicated ways and it's very unclear that they're doing anything that it's value to the economy makes half its profits just by moving money around in complicated ways and it's very unclear that they're doing anything that's of value to the economy. so such as with one month phenomena with what's called all financial is is ation of the coming on a minimum. going along with with that is the auto sure into production. the trade system was reconstructed. the trade system was reconstructed with a very explicit design of putting working with a very explicit design of putting working people in competition with one another all over the world. and people in competition with one another all over the world. and what it's led to is a reduction in the share of income and it's led to is a reduction in the share of income on the part of working people. it's been particularly striking in the uni

say general electric toa. by the 1970 s. say general electric can make more in the fleet or playing give it some money get in this with you could money but produce and then you could buy produce and in the united states. in the united states the. you have to remember that general electric is substantially a financial institution and you have to remember that general electric is substantially a financial institution today it makes half its profits just by moving money around and complicated when it makes half its profits just by moving money around in complicated ways and it's very unclear that they're doing anything that's of value to the economies and it's very unclear that they're doing anything that's of value to the economy. so. that's one phenomena let's go financial ization of the economy . so that's one phenomena let's go financial ization of the economy. going along with that is the ocean. going along with that is the oh sure into production. or into production. the trade system was. the trade system was reconstructe

you have to remember that general electric is substantially a financial institution today general electric is substantially a financial institution today it makes half its profits just by moving money around in complicated ways it makes half its profits just by moving money around in complicated ways and it's very unclear that they're doing anything that's of value to the economy. and it's very unclear that they're doing anything that's of value to the economy. so that's one phenomena let's go financial ization of the economy. so that's one phenomena let's go financial ization of the economy. going along with that is the oh sure into production. going along with that is the oh sure and production. trade system was reconstructed. the trade system was reconstructed with a very explicit design of putting working with a very explicit design of putting working people in competition with one another all over the world. people in competition with one another all over the world. and what it's led to is a reduction in the share of income and what it's led to is a reduction in the share of income on

edison the inventor and businessman by 896 general electric was one of the founding 12 companies that made up the newly created dow jones industrial average g.e. is the only one of those 12 that is actually still in business today and what a business and its 127 year history g. has had its hand in everything from light bulbs x. rays refrigerators to televisions to commercial jet engines nuclear power plants military contracts even films and television production one of at one time an owned and b c universal which is why many are now.

coal is still the dominant fuel source in the world for generating electricity. and we may not like that, but that is a fact. without this technology that hopefully we would develop and sell around the world, that's never going to change. and no matter what we do here in the united states, we will still have a global climate problem. the whole idea, i think -- i don't want to speak for scientists at the united nations, but if you read what they say, that's what they believe. that's why we need this technology. >> so do you think that the federal government should fund the development and subsidize that technology? >> absolutely. and let me tell you why i believe that. so, let's talk about dollars and cents here for a minute, and i made a "c" in math once and daddy bought me a new bicycle so i'm not really good at the math here, but i have seen studies that suggest that it would cost $4 trillion, $4 trillion, to go to complete -- generate electricity solely by renewables in this country. understand what that means, now. in appalachia and other parts of the country

instead of relying on gas make use of green generated electricity is in by the electric bike is on trial in the capital kampala a motorbike taxis a popular as the quickest means of public transport. it appears like the usual motorbike in kampala but snowed until it gets close and you can hear the engine running but not just any physical gas emissions in t.v. it's very different from the other ones course because the other one 1st of all you have to buy fuel. to use it secondly you have to buy or you. use it. i've been costly as covered over 20000 kilometers as part of simple bikes were testing in the last 6 months i just need my money to be fully charged to move up i conserve or not to money which i use and waiting for. some using the model so the bike is the brainchild of daniel drake the german scientist wants to make motorised transport cleaner i worked for 5 years ago here in uganda for solar company and i was commuting as most of ugandans know daily on what our border and you get all those fumes all the exhaust gases and you know in your face and it's not healthy and that's where i

i don't have power to generate electricity on his lightbulbs. >> we just have a cooler with some ice. >> as night approaches, there are still several intersections without power that stretched back into the area that does have power. >>> coming up next, we will have one more check of the wind that is causing a high fire danger all across the bay area. >>> we have one last look at the wind and what is going to happen tonight. >> the strongest winds pics up in the don't forget that our. it is being updated with the latest information from pg&e. of course, we also have the covered on air. >> thank you for watching at 7. >> have a good night. announcer: it's time to play "family feud"! give it up for steve harvey! [captioning made possible by fremantle media] [cheering and applause] steve: appreciate that. thank y'all, folks. i appreciate that. yeah, i do. thank y'all. thank you, everybody. well, welcome to "family feud," everybody. i'm your man--steve harvey. [cheering and applause] got a good one for you today. returning for their fourth day, total of 21,675 bucks, from san diego, calif

efficient and cleanest in the world and will supply 160000 households with heating and also to generate electricity but what's really special was what's on the roof a ski slope and a hiking trail have just officially been opened to the public. sensational the design and say they wanted to be a space for everyone. your water. for it's not just for skiing we designed a new green space in the city with real biodiversity and in the middle of copenhagen you can out there skiing hiking and enjoy the outdoors the rooftop is covered in a kind of artificial mesh grass simply grows through the matching. in one of the most expensive cities in the world city planners thought it crazy not to make use of the rooftop surface so after spending around 470000000 euros on the waste plant they forked out a further 12000000 on the rooftop project. see that as an opportunity to kitty when you invest so much money to do something more so instead of having separated. from practicalities take any merge them into something new and more into . planners hope all the outdoor activity will have a positive effect on residents ge

these panels are ones that generate electricity on both sides of the panel as opposed to just one.dustry reacted by saying hey, we'll take that, and started manufacturing bifacial solar panels to get around the 25% duties. unfortunately today, the trump administration is saying that is no longer the case and they are stripping away this exemption. so the renewable energy industry is essentially back where they started a year ago. taylor: so why, why strip it? lynn: so, the trade representative put out a notice saying after they created this exemption four months ago, they looked at the impact on the industry, saw there were some manufacturers in the united states raising complaints about how this would affect their leg up in the domestic manufacturing business and decided after reassessing it, that this exemption was not in the best interests of the u.s. taylor: who stands to lose here? is it just bifacial solar panels or a bigger portion of the renewable energy sector? lynn: it's a bigger portion. some of the biggest manufacturers of solar equipment are based in korea, china, and

general electric -- bloomberg business flash. electric plans to reduce its pension fund by $8 billion. the company is offering a lump sum option for former employees who haven't started receiving pension payments yet. domino's pizza has lost a battle , claimingreme court it doesn't ensure that blind people can order food through its website and mobile app. the case could determine the extent to which businesses have to make their websites accessible to the visually impaired. ordmart reported rec revenue during their six-day indian sales festival. their latest sales promotion ran on the same days and concluded over the weekend. --h focused on rural cities on smaller cities and rural areas. checking u.s. markets now, we are seeing small movements off our lows. flat.p is really back to the dow is down 0.1%. the nasdaq is positive on a few upgrades by about 0.1%. want to point to the lira because of important filaments there. the u.s. is not offering -- important development's there. the u.s. is not offering support to the turks, but

sustainability generated electricity and c o 2 neutral this kind of batteries are recharged partly through recuperation and mainly from an electric outlet box charging can take 2 and a half 6 hours depending on the connection. has experienced the power drain in the panamera turbo as he hybrid thing but it hasn't simply been transplanted directly from the panamera to the cayenne that different platforms by themselves require some redesigning and optimization for the car and. the hybrid packages additional 130 kilograms await his fairly noticeable one pulled by $500.00 kilowatts on the contrary it provides some advantage. when you want to likes best about the coyote hybrid is that they can be driven on all electric power claims a range of 40 kilometers on all electric which is about what guys want and that's quite sufficient for driving around town was 0 emissions. for show also cites a top speed of 135 kilometers per hour and all electric drive for the hybrid only possible with a driver doesn't go too heavy on the accelerator. to push a minimal describes the chi and pick up as ferocious it

general electric with a double beat this morning.will unlock value for ge shareholders as their transformation accelerates. look at the stock. it had been up 7% out of the gate when the numbers first came out. it is up 5% right now. technology in focus after the close, apple and facebook are set to report their quarterly report after the close. the stocks are higher this morning. investors are on edge. futures are a little changed to lower. dow industrials down 4 points, s&p flat, nasdaq just went into positive territory, up 2 and-a-half. the s&p 500 hit a new intraday high yesterday before pulling back and snapping a four day winning streak. the dow and nasdaq finished slightly lower yesterday. take a look at european indices. fq100 is down 6, cac is up 14 and the dax in germany lower by 22. in asia overnight, it was red across the board. there was a report that the u.s.-china trade deal might not be ready to be signed in chill e next month. the plan is to sign it november 17th. we'll see about that. the shanghai composite down half

on general electric, i want to go back to the inorganic -- listen to me -- the organic growth of generale. the ship is being righted on the headlines as they still come out. they talk about positive territory for 2020. it is a long time from the general electric of mr. welch under the years of early immelt as well. scarlet fu is leading our coverage this afternoon. hawkishh cut and the will come from the tone of the statement. with the close questioning of chairman powell in the press conference. again, on european banking, disappointment from credit suisse and deutsche bank. please stay with us. this is bloomberg. ♪ >> nobody thinks negative rates are the signal of a healthy environment, healthy economy. rates --ve interest >> for our business it is not a good thing. >> if this situation stays what it is for a long time, we will charginghink about institutional customers a large customer deposit. across ourooking businesses passing on negative rates to clients, where it is proven sensible and also legal. >> they have put a lot of money into our bank. our deposits grew by 6%. >> it makes

whole awol cop show jumping event in finland is using wild manure from the competing forces to generate electricitynot just for the event itself but the several harlem's in the capital helsinki the governing body for world started jumping say the system has generated 150 megawatt hours of power and there was even some electricity left over which was then transmitted to finland's national grid and we had a vision to do something for for making a cleaner word and we didn't have a clue what how to start but then we jumped into a sponsorship in partnership with 4 kim. big big international energy company and they came up with this menu or invention so we built out a vision that we like to be the leading christian event in sustainability that is all his fault for not. thank you who will that brings this news artsy a close and you stay with us here on al-jazeera as a seeker is up for the next of more of the very latest nice to go away. in the land of the free the cost of medication is killing people this particular pill is going to be anywhere from $800.00 to $1100.00 and citizens are desperate entire bu

general electric pleasing investors today. the stock up 11.6%.esses in various areas, but larry culp showing some results in the turnaround plan. guy: here in europe, waiting for the fed, trying to figure out the applications. we are also watching the ecb restart qed and -- restart qe for banks. deutsche bank, santander, credit suisse all disappointing investors. the banks a big drag on european equities. we are watching a fairly flat eurosterling rate today as we started countdown to a british election on to summer 12th. where we are stash on december 12. where we are seeing -- on december 12. where we are seeing some volatility in the market, the dollar rand. the troubled utility ascom has been priced back in -- the beenled utility eskom has priced back into the south african rand. the market pretty sure we will see the central bank delivering that third cut. any doubt that we will see a cut from the fed? certain, buting is it is very reasonable to expect that the fed is going to cut rates by 25 basis points today. i think it is the overwhelmin

replacing the head of its commercial airplanes division, kevin mcallister, who joined in 2016 from general electricis out. they are putting the head of their services division, stan deal, in that role. a quick change, not typically the way you see companies make these types of changes, which clearly says it had something to do with the 737 max crisis. there were parts -- reports that mcallister was not proactive in touch -- enough reaching out to customers. they have had to pull it out of the schedule at this point to 2020. what was interesting to see, even boeing is seeing the impact of the ongoing trade tensions between china and the u.s. brooke: boeing had boosted production of its 787 dreamliner on the assumption that china would come through with orders on those planes, and it has not. her has been talk about boeing planes being a part of a trade deal but nothing has been finalized. boeing says the right decision for the company is to cut that production, and they don't see the demand to keep going at the pace they have been. this is relevant because while all eyes are on the 737 max, there ar

. >>> well, general electric is freezing pension plans for 20,000 employees as the company struggles to reduce debt amidst sagging profits. it is also offering pension buy-outs to 100,000 former workers allowing tm to taka lump sum payment. the freeze will take effect in 2021. ge workers in their 40s are expected to feel the biggest losses amounting to about $3,000 a month. it is one of many companies across the country that are now freezing or capping pensions. >>> for the first time we're hearing from the top prosecutor in the college admissions cheating scandal. u.s. attorney andrew lelling has a warning for actress lori loughlin and her husband who pleaded not guilty. lelling told our boston station that his office will seek lengthy prison sentences if loughlin and her husband are convicted. meanwhile he is praising actress felicity huffman who pleaded guilty sentenced to two weeks in prison. >> if people take responsibility for their conduct and their conduct early on, then it will probably go better for them. what i value in the felicity huffman sentence is that i think it sent

>>general electric announced today, it is freezing the pension plans of about 20,000 us employees starting on january first 2021. she also said it is freezing supplementary pension benefits for about 700 workers. retirees who are already collecting pensions and employees with production benefits will not be affected ge's pension plan has been closed to new higher since 2012. the company said it will offer a lump sum payment option to more than a 100,000 former employees. haven't started their monthly pension plan payments yet. it will also pre fund $45 billion of its pension obligations for 2021 22. >>well your health this time to get your flu shot the centers for disease control and prevention recommends people get a flu vaccine by the end of october a possible. doctors say you definitely want to get one before thanksgiving because that is when you're likely to interact with more people to travel and be exposed to more germs. flu related deaths have already been reported in fact there are a number of ways to avoid the flu, including washing your hands and staying away from people who are

competing horses to generate electricity not just for the event but several homes in the capitol hill think the governing body for world showjumping say the system generated the 150 megawatt hours there was even some electricity left over which was then transmitted to finland's national grid. we had a vision to do something for before making the peano word and we didn't have a clue what how to start but then we jumped into a sponsorship in partnership with fortune. big big international energy company and they came up with this from a new invention so we built a vision that we like to be the leading question event in sustainability. i'll finish with by female a free diver from this is that 4 year old man plunging into the icy waters of a cave in southern turkey which dates back to the ice 8 feet drive as a swim without any breathing equipment at but this time as she was old so swimming without any offense incredibly she managed to go 100 meters with just one single breath made into a tree so many thanks indeed that is it for the news thanks very much indeed for watching sorry he's abo

ok, we need to generate electricity in a different way. in a clean way. by the way, the cheapest forms of electricity generation at this point in the united states are wind and solar. cheaper than any fossil fuel. we need to have buildings efficiency rules. ok? those are rules we have been working on for 50 years. we know that they actually produce savings earned a good investment -- and are a good investment. we have to do our transportation and differently. we've been working on it for years. this is not a question of, we don't have the technology. we have to do it differently. in fact, people keep saying it's a question of jobs or the environment. that's not true. ago. a study five years like bloomberg made sure that was a democrat, a republic, and an independent to say, we know that dealing with this crisis, we will grow faster. it's not that we will solve all the problems that climate change is going to cause. that's true, too. just moving to clean energy will make us grow faster as well and create millions of jobs. there is in a trade-off here. -- i

staying cautious ahead of the fed record highs within striking distance again plus, shares of general electricopping after an earnings beat the company raising its 2019 cash flow forecast and streaming wars at&t set to challenge netflix, apple and disney, unveiling details for its upcoming hcupcome upcoming hbo max service david talks with warner media ceo john stankey and that's coming up in the next hour as we said, looking forward to that big interview the markets, the fed, fed day. the data was better than expected this morning. still confirms we're slowing, so the fed will be cutting, right >> the fed raised too much it is just a fact. jay powell overdid it. the economy couldn't take it there are a lot of people who come on air and say it didn't matter you look at the mortgage purchase numbers this morning, clearly does matter. internationally, scott, we're lucky that -- the stocks are doing far better than the economy. people aren't hiring international, they're hiring domestic i think we need to cut how many quarters can you have where numbers are bad because of the strong dollar? so, l

. >>> general electric showsre progress we begin the market folk.than expected are earnings and revenue as the company focusings on the balance eet and paying down debt. the conglomerate raised the full year cash flow outlooknd says it sees signs of trouble power unit stabilizing. the shares responded rising 1.5% to 10.11. tupperware missed estimates as both profit andevue fell. eve company cited slowing demand in several key markets. tupperware also lowered the full-yearuidance and shared punished hitting a 52-week low and losing more than a third of the valueo close at 10.16. >>> mckessoosd mixed results as the drug distributors beat analyst revenue forecasts thanks to price increases on branded drugsru and distributio of specialty drugs. elbut the company short on earnings estimates due to settlements in the opioid relatedases. the key, though, may have been a drop in operating margi which signals pring pressures in that industry continue. >>> the shares lid slid more than 8% to 136.79. and reporting of a the bell,ft reported better than expected

the methane is collected and used to generate electricity, powering 6,500 homes every year.we need to make sure that food waste is, you know, disposed of in this way? well, really two kinds of policies. 0n the one hand, we need financial support for local authorities to put in place separate food waste collection, and then we need financial support to allow the industry to build the capacity over the next decade that will allow us to treat this waste. afterfood, the next big offender in the paviers' carbon footprint was their travel, which made up 9 of their 45 tonnes. and four of that was down to their driving. so, over our two—week challenge, they're trying to cut it right down. the kids have to walk to school and claudine has to take the bus. it's going to take about 45 minutes, and when i normally do this journey in my car, it takes about 10, 15. to reach net zero, we're going to have to decarbonise all of the uk's public transport and expand services. it's taken about 50 minutes to get home, so... ..yeah, i do feel a bit tired now, actually, i have to say. for those tri

. >>> general electric is freezing its pension plan for 20,000 employees. the decision is designed to reduce ge's pension deficit and shore up its balance sheet. about 100,000 former ge employees who haven't started receiving pension benefits will be offered a limited time lump su payment. no changes will be made for retired employees. the stock was down a fraction in today's trading session. >>> general motors is temporarily laying off another 415 workers, this time in mexico, due to the strike here in the u.s. company had to halt production at a v-8 engine and transmission plant in mexico because of a shortage of parts. today's layoffs are in addition to the 6,000 temporary layoffs announced last week. meantime, over the weekend united auto workers officials said the talks with the company had taken a turn for the worse. the striwo is now in its fourth week. >>> many agree that the consumer is in good shape and that bodes well for restaurant stocks which begin reporting earnings in the coming days. but the consumer isn't the only thing driving business in