the name of the company was general electric. in the 1950s general electric road high, its factories in new york, massachusetts and connecticut employed many thousands in the industrial center. every americans bought more tvs, radios or squeeze, ge was not just the company but an icon, it served the space program in tennessee valley authority. american stress to general electric like they trusted the game of baseball, a good company that follows rules, the essence, the soviets in 1959 invited the us to create its way from press in moscow and carnegie park. america sent several modern kitchens in the lemon yellow one was general electric. most ge executives at the time, talking about the late 50s, like execs at most companies of the time had a view of how capitalism worked. the private sector was invincible. it was a workhorse or a new cow. what it was supposed to do was serve the milk how for the public sector. the government heard of the private sector like a domestic animal, john maynard keynes noted this at one point. through

the name of the company was general electric. in the 1950s, general electric road high in massachusetts, in the industrial center. and it served the space program and the tennessee valley authority, and and, through moscow, and america sent several kitchens in these lemon yellow ones through general electric's. most ge executives at the time, talking about the late 50s at that time, had a view of how capitalism works. the private sector was invisible, like a workhorse or a mood how. what it was supposed to do was to serve as that milk cow for the public-sector. the government heard of the private sector like a domestic animal, john maynard keynes noticed that at one point. gen to most of ge, it sounded just fine. the tennessee valley authority, the big client was the essence of the government project and ge executives liked it very much. they didn't mind serving the space program, and strong union law. social experiments by the federal government, american business could pay that. expansion of healthcare, the us could pay that or

in the 1950s, general electric road high. it's factories in new york, massachusetts and connecticut employed many thousands with the industrial center in some ways, every yearamericans bought more tvs, more radios or more freezers . but ge was not just the company, it was an icon to read it brought us the state space program, americans trusted general electric as a trusted game of baseball. a good company that follows rules to the essence. as you know the soviets in 1959 this invited the us to create adisplay about progress at moscow . america sent several modern kitchens and the lemon yellow one was general electric. most ge executives at the time again were talking about the late 50s like executives at most countries at that time had set view of how capitalism work . private sector was invincible . it was like a workhorse or a cow. what was supposed to do was serve as that milk cow for the public sector. the public treated the private sector like a domestic animal, john maynard keynes noted this at one point read ge or most

it is not a joke at general electric.of the headlines, general election -- electric accelerating multi-year -- he will de-risk, d lever, etc., etc.. it is a horrible set of businesses for ge. right now, we look at washington and the challenges forward in any number of stories, from the silliness of the vice president with no mask on at the mayo clinic, that was unbelievable, and on and on. greatal thing about the midwest where the president is possible is meatpacking. kevin cirilli knows philadelphia food better than anyone i know. this is really serious about the protein of the nation. standpoint a policy in terms of what is going on with agriculture, the president trying to send a message to his base that from a policy and political standpoint, he is with them. there has been concerns about shortages and the health and safety of it. the white house consulted with officials in the industry and i think it is smart to open debate about the readiness of it. tom: what is the congressional response to this? is it just like th

fired power plants generate electricity always the same amount of guaranteed steady supply but they also pollute the environment. the pounding generates a kid is much less of a burden on the environment but the sum and wind don't always shine and blow when the energy is needed. good good planning solves that problem. the world the danish baltic sea island of by 2025 it aims to be completely carbon neutral. right now we have an overproduction in the green energy from our winter months but we also fully aware that our need for electricity in the near future will be completely different than it is today so we need to prepare for this future very near future. 6 wind turbines currently generate more electricity than the island 6000 inhabitants need. one in 10 islanders has a financial share in the wind power system but they're not planning to build more in this beautiful setting but to upgrade them to make the most powerful. has been using solar power since the 1990 s. the energy collected is stored. it's heat in huge well insulated water basins when winter comes around they reheated with sub

of general electric >> thank you, jim. >> we have more on the show. exclusive with okta, chipotle, health care heroes ring central, how can i help you? they have a video product you're going to love. i insist that you stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc ado dmeynbhing he tmaon.cc.com. shouldn't you pay less when you use less data? now you can. because xfinity mobile gives you more flexible data. you can choose to share data between lines, mix with unlimited, or switch it up at any time. all on the most reliable wireless network. which means you can save money without compromising on coverage. get more flexible data, the most reliable network, and more savings. plus, get $300 off when you buy a new samsung galaxy s20 ultra. that's simple. easy. awesome. go to xfinitymobile.com today. >>> there is always a bull market somewhere and right now we have a stampeding bull in the stay

today, we received the good news that the first delivery of newly-manufactured ventilators from general electric and hamilton arrived at the strategic national stockpile and as the president said will be adding newly manufactured ventilators to our resources to be available as the coronavirus epidemic reaches critical communities around the country. on the subject of the air foure, for flights -- flights scheduled today primarily focused on gloves for our incredible health-care workers. one flight alone had nearly 9 million gloves. the american people would be very proud to see this vast array of now well more than 50 flights bringing in supplies from all over the world, and again working through fema, we are directing those resources with the guidance of our scientific experts, to the communities most in need. as we announced yesterday, the white house coronavirus task force has requested that cdc and theteam assembled data on unique impact we are seeing reported on african-americans from the coronavirus. fauci spoke about this yesterday and will reflect on his perspective as well. tomorrow, th

stroke engine an electric scooter has a much lower carbon footprint depending on how the electricity was generated but switching to immobility is also a technical challenge as there is still a lot of manufacturers of scooters and the batteries didn't need. to start ups like . necessary in buggies to get those to be drooling. now the dog would be cool to us run on the lithium ion battery the same kind the fall was your wife for instance but how the electric vehicles were once about question and. the world has been on the move since the canoe was invented in 1000 b.c. to fast forward to the 21st century and mobility has changed rapidly in addition to the convenience of getting from point a to b. it's becoming just as important to measure the cost of that commute on the environment having a clean alternative to traditional polluting vehicles is becoming a reality for people who drive electric ones which could replace gasoline or diesel . so our electric vehicles a feasible alternative to the automotive sector is a leading source of polluting emissions and is responsible for 30 to 50 percent of all pa

with earth and is used to generate electricity. silver navarro is an engineer and renewable energy consultant. this will be. connected down to the ground and it's collecting methane gas and other gases that's being produced by decomposing garbage inside. the gas goes to a power plant where drives turbines navarro checks regularly how much electricity the cost generates he says the garbage should yield gas for 30 more years. that landfill project may be good for the environment but it's not so welcome for people living in the slum nearby who have lost their source of income. they used to pick through the garbage with things they could sell for recycling plastic and alimony i'm. now children look for those items while they're still on garbage trucks. to try to stop for a few minutes to let the kids climb aboard and rummage around. to find it. brian is 13 and has already been collecting garbage for 3 years. he lives with his mother and 5 brothers and sisters. he tells us he knows how to read and write and is proud of that. coming. up

because he was the host of general electric theater. the public knows him as the actor and speechmaker for ge. this is the first time he will be seen from the american public as delivering a political speech. it is called "the time for choosing." if you have never seen it, go to youtube and watch it. a lot of the issues he discusses are quite relevant to the year 2020. i would like to highlight just one aspect of it. in it, he castigates the west that we never open up our mouths , about the millions trapped behind the iron curtain. ronald reagan knows all about the evils of communism and socialism. many of you know the speech. that is termed the speech. that night, not far from here in los angeles, a number of his friends got together. they were financial people in business and said, i think the republican party is running the wrong person in 1964. it should not have been goldwater. it should have been ronald reagan. let's convince ronald reagan to enter politics for the future. in fact that very night in michigan forms the very first r

ford, general motors, general electric, we have released some great companies are doing it. him that we have 12000 and onjune the 1st, we have 20000 and onjune the 29th, we have 60,000 ventilators coming. 60, 60. so have a total of 110,000 ventilators coming over a short period of time. i don't think you will need them and hopefully we will not need them but i don't think you will need anywhere near that. but we will have them for the future and will also be able to help other countries who are desperate ventilators. the uk called today and they wanted to know if you will be possible to get 200 and we'll work it out. they had been a great partner in united kingdom. so we work it out for them. so they wanted 200 and he him desperately. we now have ten drugs and active trials. with 50 more soon to follow. as well as to vaccine candidates and active clinical trials. —— 15 more. we will do whatever it takes to secure needed medical supplies to bring more production of essential medicines back to our shores. we are doing that and bringing them back to our shores, a lot of these c

general electric out with quarterly results.aw an 8% decline in q1 revenue compared to last year it's coe said coronavirus materially challenged ge's first quarter results and company said it expects q2 to be worse. he'll be on "squawk on the street" at 10:00 a.m. eastern time becky, over to you >>> andrew, thank you. let's talk a little bit more about how the largest american companies are weathering the coronavirus from a health and financial stop joining us right now is glenn hutchins he's north island chairman and a director at the new york ferksd on the board of at&t glenn, thank you for being here today. good to see you. >> good morning, becky and joe and andrew how is everybody doing >> good. how do you think american businesses are doing right now >> you know, we're going learn about that over the course of the quarter. what i've been thinking about and i'll talk a little bit about how as we get in this new phase of gearing up economic activity again does it took like? what does it took like and i think it will come in a

we are looking at chevron, anheuser busch, general electric, capital one.iend. i love that you give us names and we always hold you to account. i'm really surprised about general electric. we will pick up on that a little later. folks, the dow is back up. we are up 219 points. believe me, we will take it. we know a lot is going to change over the next 60 minutes. that's when my friend liz claman will take you through the final, most exciting hour of trading. liz? liz: i hope it doesn't change, charles. let's keep green on the screen. charles: i hope it gets better. liz: we do -- i know. i know. exactly. that's the way i take the change. all right, my friend. see you in a bit. two fronts to the bull and bear battle have opened up as we head into this final hour of trade. oil moonshot. more than 23%, outweighing the devastating rise in weekly jobless claims. the bulls have an edge on both fronts. crude oil right now in the aftermarket session still holding on to 22% gains. the dow jones industrials up 269. we've got the s&p up 32 and the nasdaq is up 55. russ

iraq is doing what it can dream crease its capacity to generate electricity but it's fighting against u.s. sanctions which control how much it can import from iran and has become reliant on supplies from its neighbor a similar similar photon reports from baghdad. iraq is fighting a 2 pronged battle to increase power supply the country is trying to resolve power shortages but u.s. sanctions mean it must do so without the help from neighboring iran. and 3000 megawatts the best maya plant south of baghdad it's iraq's biggest it's racing to ask a pastor to head of the summer heat when demand soars and frequent power cuts fuel public anger construction has been delayed by the coronavirus pandemic just the latest in a series of crises that have complicated the government's efforts the challenge was that was the 1st was the protests in october last year 2019 and then the that the fact that the government was forced to resign. that made us lose a lot of executive officer richie to move on continuing and implementing or signing the necessary contracts iraq is also under increasing pressure fro

collecting methane gas and other gases navarro checks regularly how much electricity the cost generates the cost generates he says the garbage should yield gasp of love lost the source plus a look for those items to let the kids climb aboard it's 13 and it's already been collecting garbage for 3 years 3 years says he knows how to read and write and is proud of that. army. devon in the morning until 6 in the evening. i earn about 200 pesos a day. when he grows up he wants to work on a garbage truck. we installed. both sets of solar panels which our a make of the same thing again. here the entire roof of the church complex is said to be covered in 1st of all take tunnels in addition to their efforts to listen to their effort. the block fossil should be. a small group a small group of people who can definitely change the world are you doing a green a planet if you were. doing more. where i come from dictatorship or just want to be shadow and if your newspapers but just want to be shadow and if your newspapers when official information as attorneys are called then trust in us. and in visit

we've seen general electric announce a tie up with ford to increase production. venn tech and general motors doing something similar but the shortage of ventilators is very dire and this defense production act hopefully will increase the urgency for these companies to produce more back to you. >> absolutely. we hope that is true thank you. 12 minutes left in the trading day. we are now in the closing bell market zone. commercial free coverage of all the action going into the close. cnbc senior markets commentator, mike is here with us to break down these crucial moments of the trading day. today we've got our cnbc contributor. >> let's kick things off with the financials goldman sachs joins cnbc earlier to win on the future of dividends at big banks >> in european banks are in a different place than u.s. banks and european banks also have dividend paid once a year is the vast majority of their return and a significant part of earnings here in the united states, it's a much smaller part of capital return we've already stopped capital return so we're in a position

mariya is expected to furlough tens of thousands of workers the same goes for the employees of general electric and dreams will not come true were the thousands of employees of walt disney who are expecting a furlough in florida however the government says it will protect those who are losing their jobs millions of americans sacrificed their jobs in order to battle the virus and save the lives of our fellow citizens where have a solemn duty to ensure these are employed americans regain their jobs and their livelihoods the major corporations are tapping into government relief money intended to help small businesses meanwhile the 4 biggest banks in america have been hit by. lawsuit saying that they're giving unfair priority to big corporations and not providing loans to the small businesses that desperately need help the issue with with big chains getting funding that was was message to as big or small business out even understand what that means a company that's. tens of millions or hundreds of millions a year in revenue. is going to be 1st in line with a big bank when it comes time to apply for

on tap before the bell this morning, general electric is out with its earnings along with master card and ensurers anthem and humana, after the numbers attention to microsoft, facebook, tesla, markets are higher, take a look at futures, gain at the start of trading, dow futures right now showing a gain of 180 points, three quarters of 1%. s&p is up 25 and nasdaq higher by 93. this after the dow, nasdaq and the s&p 500 erased early gains yesterday to actually end lower. dow industrials were down 32 points at 4:00 o'clock on wall street yesterday and nasdaq down 122 and s&p down 15. google parent alphabet is putting rise in revenue but also reporting sales and downturn in the month of march. mornings with maria is live right now. ♪ maria: global markets are mixed, mostly higher, ftse 100 is up 1% and cac quarante is down 5 points, dax index in germany higher by 45. france announcing it will tighten restrictions of foreign investments from outside of europe to limit foreign control over key sectors including technology, limitations on china is what that's about. in asia overnight, slight

power is now cheaper than fossil fuel electricity burning coal is now more expensive than generating electricity from solar power and that transition is taking place so you mean we're not going to stop doing what we're doing until we've completed that that transition to solar. i mean that the mission of some exchange is to connect the world to the sun so once we're done with africa we could be doing projects in latin america in southeast asia areas which are emerging where debt is expensive where the the people that really need low cost energy literally can't afford it or can't access to capital to go solar what we had to do is deliver affordable solar power to the places in the world that need it most yeah i believe it was up buckminster fuller who noted that the amount of energy earth receives from the sun is about a 1000 times greater than any energy with that we would think of expanding on any given day so certainly there is a surfeit of. energy and now you're on a previous episode abraham and we talked about prepping for mad max now that we've got a mad max world there it's seemingly everyo

ribeiro audi elected to represent one of britain's most deprived in-situ the season for example general electric of what could be the biggest country semitism coverup in labor's history when stuart secure stomach as boss of western europe's largest socialist party all of them all coming up in today's going underground but 1st the un has warned world hunger could double by the end of the year to a quarter of a 1000000000 though even before coronavirus more than 4000000 children here in the u.k. have been growing up in poverty that's in one of the richest countries in the world amidst a record high in numbers of those needing to go to food banks in britain i'm joined now via skype from bodrum in turkey by the united nations special rapporteur on the right to food don't feel well thanks so much a lot for coming on you've called covert 19 inequality on steroids our politicians here are telling us that the threat is equal why this mismatch how we gauge you treat it's not how we receive our conditions. for instance we talk about a very simple way socialist so possible social distancing places trying t