throug ta series of conversations, he began to be more and more anti-tax and he was hired by general electric corp. the education of ronald reagan. he had the hi head of the government relations and i worked with him for years and i understood what he was doing from rs the first time. he learned how to deal with people. he went around and gave 375 speeches to a blue-collar audiences with q-and-a and picture taking. ronald reagan went flying back then he refused to fly. i think they got caught in a thunderstorm and he just decided that was it. he didn't fly again until the fall of 65 he gets a call one evening from his brother in san francisco w. they said you know i don't fly and i can't get from here to san francisco that fast. they said you get to decide if you want to be governor. the next time he goes out on an airplane which tells you how ambitioushe he was working for generall electric, he's riding a he didn't gamble. he read books and he keeps giving conservative books of friedman sees reading these conservative economics. trump made money, invented things like the apprentice, the best-sell

corp. it filed confidentially foreign ipo in 2016. but it has not gone public yet >>> general electricow. dom chu joins us with more on a huge move we've been following joe said earlier this is kind of the cap on what we've been following for many years with this company >> we've done stories in the past whether this is a indicator or not we'll see how other stocks that have been kicked out of the dow have done. let's look at the waning influence over the course of the years. they are on the dow, of course, a price weighted index if you look at the last 20 years, that performance has been staggering how about the waiting in the s&p 500? how much heft does it carry? howard silverblat went back to every december to 1980 turns out to ge was a $14 billion company in december of 1980 and the total s&p 500, not even the dow. by 1990, it was almost 2.5%. worth $50 billion. just after its peak in august 2000 it was a 4%-plus weight in the s&p. and in december of 2010 it was a 1.6% weighting if you look at today, after the charts and that big drop we've seen so far this year over the past 12 mo