>> i was going to say honeywell. so, you say? >> honeywell. >> say honeywell. why? >> because i do believe it's a better company. >> okay. >>> big day for apple, the tech giant accepting preorders for the apple watch today, and it's already back ordered for months. some customers may not receive their watch until july. cnbc's josh lipton had the chance to speak with tim cook outside of the palo alto apple store earlier today. take a listen. >> it's been incredible, you know. this morning i got reports from all the way around the world, from japan to australia to china to germany to france to the uk, canada, and now in the u.s. it's extraordinary. customers are given us great feedback, and orders are great as well. >> reporter: now, america needs to know, tim what model, what style are you wearing? >> well, you know, i'm wearing the apple watch with stainless with the white floral astimer band and i love it. i exercise in it and wear it most of the day. but i've got a couple other bands, too, because i also like to change them out. but i'm wearing this one the most.

charles: honeywell, ge in that order. honeywell, buy and old. i'm not a fan of 3m.t like it. any of you like these names? hilary: 3m. i love this name. great diversified -- charles: 2.5% yield. good enough for you? >> absolutely. matt: i'll give you crude oil. i love honeywell. a little lower dividend. i prefer it. hilary: we'll see it on friday. >> honeywell is a better name. the ceo got the memo. i like it. charles: someone put it in a bottle. twelve years ago after jack welsh left. real quick. >> ge. because i do think the ceo got the memo. smart move to become a lot less financial and a lot less defense oriented. i love the defense stocks. charles: i like that he put his big bets on global industrial. that's the place to be. marjorie, how does monster look to you? i think it will be a 200-dollar stock. caveat, extraordinarily volatile. matt: takeover target. i won't buy it -- >> they're already taking them over. it will happen. hilary: it may be too hot for me. suddenly there's a lot of chatter about going into them. charles: hey, big news today. the guilty verd

honeywell down 2%. >> ge is doing a lot of things to restructure honeywell is a company they thought. earnings missed. i don't think this is a reason to throw this name out. expectations were high. this one for now but looking to get back in. >> taser. >> they got an order from the london police. big order for them. up 2%. actually up a lot more earlier today. got hit by the market. i would take off a little bit. it's up $10. take a third off. >> blackstone up 2%. >> all time high yesterday on a crazy good earnings release. backed it up again today. i like the name still. >> a pop from milan. >> stock is up 23%. headline out saying tesla was interested in taking them out. mylan will listen to offers. stay in the name. >> next week a tech earnings biounanimous is a. facebook, yahoo! ggle on deck. we'll give the trade before those big reports. and we have the move you need to make on monday morning after today's big selloff. ♪ (ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling...) (the lion sleeps tonight.) (hush my darling...) man snoring (don't fear my darling...) (the

we've not gotten to honeywell or mattel. downgrade of golden sacks. a lot more "squawk on the street" in a minute. it took tennis legend serena williams, fencing champion tim morehouse and the rockettes years to master their craft. but only moments to master paying bills at chase.com. depositing checks at the atm and transferring funds on the mobile app. technology designed for you. so you can easily master the way you bank. >>> bloomberg trading terminal had an outage causing a lot of problemses. interruption began 8:20 this morning london time. bloomberg said service was restored to most customers. the company said there was, quote, no indication at this point this is anything other than an internal network issue. i guess when it comes to electronic trading glitches and problems, everyone wonders, is it a hacking, something with the network? bloomberg saying doesn't look that way yet. people are dependent on this thing. >> uk postponed a bit of a buyback of government debt. after all those sony e-mails were put on wikileaks and available for search

honeywell and united technologies. here with dom at the wall with that part of the story. >> i mean mary just identified the differences that ge will have going forward here. let's take a look at how it compares peer-wise. does it make it a more impressive investment year for traders overall? if you look at the overall s&p 500, honeywell, united technologies, general electric going all the we back to september of 2001. that was when jeffrey immelt took over as ceo of ge. you can see that bottom line there in blue is general electric. it's fallen 30% since this time. the s&p up. honeywell up 193%. united technologies up 261%. those guys have far outperformed ge. even though ge has gone up big, it's got a long ways to go before it catches up with some of its peers and the overall market. if you look at valuations, how does that translate today? terms of price to earnings ratios? united technologies trades at a discount. ge right now, because of today's move, trades at 18 times earnings. meanwhile, honeywell, the premium,

ge and honeywell out with earnings. with a preview. >> so you got the ge and honeywell earnings. i guess the way to put it is that ge we probably already know the bulk of the biggest news they've got. we heard it earlier on with their disposition of real estate assets assets. honeywell has been doing relatively well versus ge over the last five or ten years. one consumer staple stock, reynolds american of course they're in what could be a big pending merger with another company, and comerica on the regional bank side of things gives us a better view of what's going to happen with the financials overall. here are how things stack up. 51 companies have reported their numbers. 76% have beat 14% have met, and 10% have missed. only 1/10 of the s&p have reported. we'll get a lot more next week. still, blended earnings growth right now is expected to be minus 3% for the s&p. it's now minus 2% given the earnings we've got. it's been better so far. we'll see if that continues with the rest of the season. >> dr. j, ge versus hone

industrials reported -- honeywell and ge.nd to not be exciting because ge seems to always beat earnings by one penny or two pennies a share for the quarter that ended, and that was the case here. cells missed analyst -- sales missed analyst estimates. ge says it is on track to meet full-year forecast for industrial earnings. honeywell cut its forecast and it is lower in the early going off by .8%. betty: thank you, scarlet fu at the breaking news desk on the early action. speaking about action -- hillary 2016 hillary 2016, let's flip it, guys, and hillary 2016 right? it has been five days since she announced. are you sick of it yet? journalists have been hitting their keyboards with a flurry of headlines of how hillary 2016 will be different than 2008. one of those writers is josh green. he writes for "bloomberg businessweek." how is one thing going to be different from 2008? josh: she is trying to maintain the coalition that got obama elected twice. what is most interesting is the whole style of her campaign is different tha

honeywell? caterpillar? think there was an analyst about six months agatha said there should be baby ges. take health care and put it over here and break up the core. >> these are questions certainly that i put to him and we're going to have his answers i think more on this show and certainly throughout the morning. to your point it gets about a 16.5 multiple right now. there's a feeling that there's a diskounlt discounted multiple included in it's finance and that that will change. they think they can be valued more highly. as for whether it belongs together now he says firmly absolutely yes. >> there are cinergies. >> i used to like it but i don't think it compares at this point. keep it and give me symphony. hold on. i would have thought do they think this is worth five of ten dollars in the stock? it's not even worth a dollar yet. it's not going to get back to its 52 week high. how much is -- what did you say the buy back was going to be? >> 50 billion over the next few years. >> how much for the dividen

>> reporter: i asked honeywell this very question. me that they determined at the time they didn't feel as if the technology was mature enough it wasn't ready for prime time. they thought introducing this sort of technology into the cockpit essentially may create other hurdles, for example, at what point and under what circumstances would the plane give back control to the pilot. there were a lot of questions and so they decided not to go with it. >> rene marsh, thank you so much. >>> coming up 11 teachers and school officials already taken into custody after this afternoon they were convicted of racketeering for helping their students cheat on standardized tests. how much prison time could these teachers face? >>> plus the hours are ticking by and now secretary of state john kerry is changing his travel plans again. is a deal with iran even further away? look! this is the new asian inspired broth bowl from panera bread. that noise! panera broth bowls should be slurped with gusto! to explore further order online or visit your neighbor

i expect honeywell to do a fantastic job. so here's the bottom line welcome to the week where earnings not macro forces will finally determine the action in stocks. expect good things from domestic companies like united health and for the rest i think it's case by case. why don't we go to jay in pennsylvania. jay? >> caller: hey, jim a big pittsburgh pirate bucco booyah at you. >> nice. what have you got? >> caller: i've got sterus corporation. i think they're healthy. >> i think i agree with you. and they're just terrific. you have a real winner there. that fits my health care solutions perfectly. i should do a segment on it. ben in texas, ben? >> caller: booyah. i like your show. sysco, sales are level since 2013. return on capital, capital investment are decreasing. stock is up 18% year over year but down 10% in the last month. is this a hold -- >> my charitable trust owns it. i told the portfolio, the research director this is the level. we should buy it, it didn't stay under 20. didn't thai 26 very long. i think they're

. >> and now to earning from honeywell. they reported a 5% drop in quarterly revenue because of that strong dollar. the company also cut its full year revenue outlook but raised the lower end of the annual profit forecast as market share gains are projected to offset declining revenue. the stock dropped more than 2% in the trading session. >>> and on to the economy which saw consumer prices tick higher. the consumer price index which measures what americans pay for just about everything increased for the second straight month by .2% in march but compared with a year earlier, crude proiss climbs 1.8%. and the yield of the treasury bond on tenure is solidly below 2%. our next guest runs the biggest bond fund and he's to share about the fund and the fed. he's scott mather the chief investment officer for pimco. good to see you scott, welcome back. >> good to see you, sue. thank you for having me. >> you are outpacing your peers by better than 90% and you've turned that fund around. how did you do it? >> well i'd like to tell y

there was this technology that airbus the manufacturer of the plane that honeywell, they were working to develop software that would allow computers in the plane to take over control of the aircraft if for whatever reason a pilot didn't respond to these alarms that were going off, but that project got scrapped this technology does not exist in air crafts at any point. many pilots don't like the idea because they say an aircraft should never be taken out of the control of a pilot, it raises so many other issues. but it's worth knowing that some people strongly believe and i've spoken to others who say if this sort of technology was in the aircraft perhaps the outcome of a crash like flight 9525 would havend ended differently. >> david, remember we had this conversation on my show the other evening about the possibility of a hacking threat and people doesn't like that. it has been discussed since 9/11. why aren't we seeing it? >> there are too many vulnerabilities in the technology still today. the possibility of interrupting it or hacking into it between the control and the computer. w

. >> this is why i go for honeywell and the reason is that it's so expensive.r 9/11, all of this research was done and so now the applications will go for commerce for individuals and therefore you have to be really careful. maybe they will step in and acquire some of the things. charles: it's right there, you have to have that because you know that the phone is going to be everything. >> there are certain devices that you have to use your fingers on. and most are straight down. charles: the. charles: considering how dumb some of the passwords are with these leaks, maybe we need to get rid of them. you know, it didn't work too well for jennifer lopez. >> you know, charles, it reminds me of total recall, i was sharon stone, and the first time i ever saw her and i was very smitten with her. and they did all those retinal scans and that is becoming a reality. but i think it's google. once again, this is the private version of the nsa and how you can participate as an investor in big brother, they will ultimately develop technologies or acquire technologies for the

the head of honeywell. mccan hecan he(?) the numbers involved here.s it hard for her to say, the 1% is terrible when she stacks up this way? >> well apparently it's not hard for her to say that. we've heard her say that all the time in her presidential campaign. her rhetoric does not add up with what the reality is. the reality is that hillary clinton made $136 million between 2001 and 2012 after complaining that she was dead broke and couldn't find money for certain mortgages, not mortgage. i think it will be difficult for her in a democratic primary. i think she will have some contenders, at least they'll point out something that republicans can use, her rhetoric doesn't add up to her personal behavior. it doesn't add up when it comes slamming wall street when they say she's making too much when she's making more than they are. gerri: let's hear from hillary herself on this very topic. hillary: i think it's fair to say that as you look across the country the deck is still stacked in favor of those already at the top. and there's something wrong with

go back to honeywell, remember honewell started this. honeywell had a good quarter.nough. united not good enough. there is a theme here t. theme is that you do not have a strong enough europe to capital good sales and china continues to go down except for apple. >> but we were right near the highs. >> oh, yeah. you are making it sound like -- >> 2025 yesterday for a while. >> no look there are things that are going right. i find that people are so confused right now. when you are really confused? what do you do? you do some selling. >> apple hit that all time high. we'll get to that in a bit. in the meantime mary thompson is on the big board. good morning, mary. >> reporter: good morning, charm. we have a friend of what you say mixed or weak open here on wall street. a quiet open is what i'm trying to say on a day when earnings are in focus and the federal reserve begins its two-day meeting. we have treasury yields higher weakness across the boards in most of the sectors we are seeing. the major sectors, the s&p turned lower, we are seeing strengthened banking stocks

the strong dollar came back particularly with honeywell. what could be the thing here, jim, that it will stay longer, stronger than we anticipated? one of the biggest bets on wall street now. jim: i think the dollar will remain strong. and i also think companies have talked down their earnings sulfate. sufficiently. we'll see plenty of beats. not the kind of growth that will be a big driver. but no poor earnings reports to knock us back. that would be the reason to be a seller. to jim and matt's point, that's not what i'm seeing. i think this was a headline day. expect a strong dollar and the market to -- matt: it was a headline day. just tr trian would affect the market. it was kind of the perfect storm for the bears. in my opinion, the bears couldn't capitalize on it. if it was that bad, the bears should have rocked the market today. >> another test on monday if china goes down big time on monday. charles: sure. what's the biggest issue, constance? i know you're relatively -- you're not necessarily phased by this, to matt's point, part of

dave cody the ceo of honeywell, a company among other things makes refinery chemicals says that oil should live in the 50s. it is the energy conservation business on earth. haven't you ever heard of thermostats? we have to have a baseline forecast. he's made it. plus you may endlessly hear the chatter that chatter that cushing oklahoma, is totally backed up so prices have to come down. that is a simplistic way of looking at the oil market. there are many hubs many refineries are available that can take crude. cushing is not as important as it was. what really matters, if we were swimming in oil in this country, why the heck are we still in 47 million barrels a day? think. some refiners are obligated to take saudi crude. we're not shutting down. we're refining. we need it. let's deal with the oil stocks themselves. the most important thing you need to know is that the expectations are low. so low in fact they could be beaten when the companies report. yes, i have a more bearish forecast than most. i think we're in for a long slog, maybe the levels give or take $10. i can see where the oil c

motorola had approached strategic buyers, including honeywell, but did not gain any traction.gain, this according to a person familiar with the situation. if you look at how shares are trading in the wake of this -- early february, motorola was reported to be seeking a buyer. shares are down sharply in the wake of these headlines. you can see the immediate reaction. shares are now trading lower by about 4%. mark: julie thank you very much. as we await president obama's remarks about that interim agreement, that outline agreement on the iranian nuclear talks in switzerland let's go back to my colleague, peter cook . he is standing by at the white house with the details. peter: we are waiting to hear what the president has to say. this is a big moment for this president. in the words of his secretary of state on twitter, "big day." a lot of time, and effort has been invested in the thank you over the last -- invested in this over the last -- a lot of time, effort, and money have been invested in this over the last few months. will this satisfy critics on capitol hill? will it sa

>> both ge and honeywell -- >> let's go to president obama in the east room of the white house. >> some congressional leaders came to a deal with fast track object trade. it's clear that many in your party are opposed, including senator schumer. are you worried that your support for this is going to divide your party going into 2016. will it hurt your party's ability to win? do you need hillary clinton's support on this? and prime minister how confident are you that greece will reach an agreement with its creditors by the end of this month, and how concerned are each of you about the effects that this could have on the global economy if a deal is not reached? >> on trade, first of all i want to congratulate senators widen and hatch for coming up with a bipartisan framework for trade promotion authority. without getting into the weeds on it think it's important to recognize that the trade promotion authority is not the same as a trade agreement. it just gives us a structure whereby when a trade agreement is presented it can move forward in a quicker fashion and not get completely bogged

we're also going to get j & j tomorrow, g & e and honeywell. >> i would say we were talking about the russell, and i would be cautious with the russell because we're going to talk a little bit later about some signs that there may be slowing in the u.s. economy. we've seen retail sales not that great. we know the consumer are saving the so-called tax cut they got from oil. so i would be concerned if i were in the iwm. i'm not in it. i would be at the very least taking profit. >> i'd take it a step further when you think about the strength of the dollar. it's reflecting the fact that every intarcentral bank is deba their currency. they're trying to stimulate growth and we're at seven years into our recovery. a lot of our u.s. multinationals, they expect their faux tour growth to come from overseas. if the dollar stays here and the euro is going to parity, okay, it's five cents away, if it stays down here, this is going to be an issue for earnings growth for u.s. companies for some time to come. >> with that warning, we're going to move on and talk about earnings here. norfolk southern

mentioned and even far beyond the likes of the citis and goldman and american express and ge and honeywellindustrial flav flavor, schlumberger, sherwin williams. >> j&j is the most at risk in the currency. >> all right. apple, big story today. watches the preorders beginning today. you can go into an apple store and check them out and that's where we've sent jon fortt, he is in new york city at the flagship. hey, jon. >> hey, scott. we've been collecting impressions from people throughout the day. most of the people who are in the store today, they are apple loyalists. some of them have preordered their watches already, just come in to get a chance to touch and feel what they've already purchased. the response has been pretty good. i did run into one guy, salt of the earth from north michigan getting a look didn't realize this was the first day that the watch was on display. he said not quite enough for me. i was expecting that kind. maybe in a couple years, year and a half, the price comes down to 199 and then everybody will buy it. keep in mind, i did a count, since the iphone 5 cycle th

honeywell beat estimates. the rebound in construction increased the demand for security systems.uld not keep up the pace forever after showing shares are lower today, but not by much. people can sell their arts and crafts. cirque du soleil is on the verge of being sold. a consortium is close to create a deal. the chinese investment fund is involved and the new owners would expand its global operations. those are the top stories of the moment. the moment the kronecronut was invented. republicans and obama are teaming up to watch a piece of legislation. all of that is coming up. saudi arabia have a decision to make last fall/oil production or maintain the quota. we know what saudi arabia decided to do. still today is the wind. we have a superb story in the current issue that takes us inside the oil strategy. he is with us from san francisco. we talked before you embark on this reporting effort. we knew then that saudi arabia maintain its quota to undermine the u.s. shale oil industry and maybe it will do so. you learned something new. >> there's always two sides of this story. ther

honeywell is beating estimates. it's upping it is margin growth expectations. stock. and mattel has been struggling as barbie sales continue to drop. that stock is up by 5%. when we return this morning, we asked the wealth editor about the dime month market and he delivered. you're looking at a 100 carat dime month. >>> up next we'll get a closer look at that rock and talk to a diamond expert from southerbys. i love my mileageplus® explorer card. we're saving our united miles... ...for a trip to hawaii. we love free checked bags. i've saved $75 in checked bag fees. no foreign transaction fees means real savings. we can go to any country and spend money the way we would in the u.s. one of the best things about priority boarding is you can just get on the plane and relax. i put everything on the explorer card. i really want my united miles. >>> well, diamonds are thought to be a girl's best friend. >> it is big. 102 carats. internally flawless white diamond sold by southerbys between 19 and $20 million. joining us with that famous diamond is lisa. thank you for c

had apparently approached firms like tyco international and honeywell and was not flying interest thereand -- not finding interest there. and they found it difficult to get financing. we have seen a trend with that in recent months. finally you are watching oil. i am looking at the refiners. we see those oil prices fall in the wake of this outline agreement between west powers and be wrong. overall the energy sector does not appear to be feeling a big pinch, but refiners are down more dramatically. as i mentioned, energy stocks as a group, little changed, but they are down by about 5% alix. alix: all right, thank you so much. energy companies are getting hacked. symantec has found a bug that will give access to computer systems. for more on the impact of this threat let's talk to our guest from d.c. isn't this unusual. we see companies like sony target getting hacked. oil companies? guest: energy companies are one of the most frequently targeted industry verticals we see. there is a plethora of information. cyber criminals looking for information to monetize activists who may take excep

and honeywell is considering bills for the --considering offers from halliburton's energy assets with and private equity firms and hedge funds are offering lifelines with production companies as banks tighten their credit. joining me now is lydia who is a partner at local hedge fund firm, and lydia, think you for joining us. lydia: most people are waiting at this point, obviously, there has been some rather significant announcements such as shell and bp group acquisitions, but by and large, most larger assets have a fairly big spread between the bid and the ask primarily because the people who are interested in buying right now are really looking for bargains i mean, there is a whole lot of private equity and private rating on the sidelines, and in addition to private equity money, you have a larger oil and gas player out there who would be potentially looking for bargains. alix: lydia, give us a perspective on how much money in big oil is sitting on the sidelines right now? lydia: i think most people would estimate in the $80 million -- $80 billion range or 100 begin dollar range and

what honeywell had to say, full disclosure, i own it.by $1.7 billion as a result. industrials this week are going to hit on that theme. i think that for a lot of investors that i'm talking to at least, that is going to be crucial. how large is that impact. >> walter we had jack welch with us last week. his point is he doesn't think the fed can possibly raise interest rates in june because he worries what it will do to the dollar and what it will do to all the industries like ge. >> jack welch is right. plus you've seen a tiny sprout of inflation. but we're not here worrying about inflation. there is absolutely no reason to mess up the dollar more and do things by raising rates in june it seems to me. i think he's right. >> people dan is over here moving his hand. do you disagree e? >> i totally disagree. i think the idea is if you say the fed can't raise rates because the dollar is strengthening, you are in a never-ending circle of accommodative policy. because you can't raise in 2013 because of the taper tantrum and you can't raise beca

we also hear from honeywell, seagate technology and synchrony.he key industrial business now that it's gotten rid of media a long time ago. gotten rid of the capital arm. are those margins in industrials is that really going to hold up and how is it going to be impacted by the slumping oil price? >> absolutely. it's nice that the market can once again start to focus on the core area which has not been the case for many many years. i though have to say, am still interested in the buy back story because this has been a big area of buy backs. buy backs have spiked across the board. i'm a little critical of them. there's two issues. first one is they're temporary. if a pane is strong and going for it why don't they reinstate a repeating dividend and why isn't it a special dividend rather than a buy back. that's cash in hand rather than a slightly engineering employ which is aimed to increase eps which management bonuses are often based on. >> first of all sometimes they do it to offset the compensation for employees so that's one reason they do it. s

anybody who remembers ge/honeywell, don't overlook what they do in europe. >> stock's managing it outpaceor the year. >> didn't have a great year last year. my trust owns it i believe they're getting disciplined. remember they hired cfo, ruth porat. they said famous will i the conference call they cared about the stock price, which was wasrevloratry. you don't hear warren buffett saying he wants the stock price higher. in the case of google we didn't presume they cared about. it's a private company that trades as a public company. >> good point. it's a controlled company. so as a shareholder you do not have a great deal of power. you're not going to see actavis getting into the shares. >> we work for brian roberts, comcast, they care about the stock price. >> they do. the same point, many media companies are also growth companies. are. >> they have done a lot to try to to address stock prices. i'm not just a house man. i could have been talking to cvs ringing the bell. >> cramer's "mad dash" in a moment. edie falco "nurse jackie," on the trading floor. they're going to ring the opening be

you will see afford planned, ge plant, honeywell plant and they look like the most modern facilities and you see where the workers actually lived. that is part of the reality. the other thing that paul said is talking about the wto. i make this comment and i am not sure i have accurate but i make it anyway. the most valuable thing that america has is access to the american market. if the trade case makes it to the wto and there is an independent, so-called panel that will rule on it, those people on the panel today and we don't and would react, but we know they are not from america, and what did they want on behalf of the country was anything? they want access to the american market, so already when you go to the wto, who accept the panel and how they make decisions? it is counter to america's long-term goals because they are going to want to find every which way they can to rule in favor of the other side so they can broadened access to the american market and our union has several cases that we have challenge that the wto and continue to do that because most of the time they overst

the big ones will be before the bell on friday, general electric and honeywell.ctric very much in focus on the big news of their $50 billion share buy back also the restructuring of ge capital and what not. very interesting to see what's going on especially for the after the bell earnings. netflix, schlumberger, among the ones still reporting after the close throughout the week. >> if it was not for jean-claude trichet -- >> mario monti. >> i apologize, mr. trichet. what should we expect from the numbers coming out tomorrow? >> joining us now is nick race and lindsay bell. nick, going to start with you. the expectations are pretty well. can it get any worse? >> it could always get worse. we think the first quarter expectations at minus 3% are too low. our theme for this earnings season will be the first quarter numbers will turn out better than feared. that's the good news. the bad news is the second quarter estimates are low and will be heading lower as companies report. >> lindsay, we highlighted there, jpmorgan and wells fargo tomorrow, what are you expecting

honeywell, united technologies because that financial aspect of general electric essentially muddiedters, this makes it a simpler company to understand and what of course ge hopes it will help it to fetch a premium to some industrial rivals. united technologies very busy recently. it also recently announced that it would be buying back billions of stock as well. so again, why is it doing it now? as david mentioned timing is right. what's interesting according to people i've spoken with this came together in february the time the company received basically a pathway to for the sify-d designation, meaning regulators outlined how the company could get out of the designation of a systemically important financial company that is a nonbank. also buyers expressed interest in assets. again the stock is underowned, again, hoping this will prove it to aba more attractive investors. retail stocks we want to watch them as well. the retail stocks we had gap reporting same-store sales ahead of expectations stock lower, though. price mark also coming up with disappointing numbers so the stock is un

>> the reality is companies like united technologies or honeywell or lots of other companies for years of sticking to their knitting and acquireing other companies. they bought rca, they bought nbc -- >> evan, i hear what you're saying. they made some mistake in the past. but if today is the -- >> because i'm trying to learn something from this tim. i'm trying to learn something other than you know what? we finally figured it out after 15 years with jeff immelt as the ceo. i finally figured it out. it took me 15 years. sorry shareholders. >> this smells personal. i wonder how many shares of ge evan owns. >> he's been ceo since 2001. >> robert? >> evan has this one. look, i don't think it's a failure as a company. this was a move people really wanted for a long time but i do think you have to look at their history of innovation and sending 50$50 billion back to shareholders, what does it say about their confidence in investing in their own business? >> we know we're going to see earnings decline by about 4% from a year earlier. a lot of that because of energy and gas but not the only re

you will see afford planned, ge plant, honeywell plant and they look like the most modern facilitiesnd you see where the workers actually lived. that is part of the reality. the other thing that paul said is talking about the wto. i make this comment and i am not sure i have accurate but i make it anyway. the most valuable thing that america has is access to the american market. if the trade case makes it to the wto and there is an independent, so-called panel that will rule on it, those people on the panel today and we don't and would react, but we know they are not from america, and what did they want on behalf of the country was anything? they want access to the american market, so already when you go to the wto, who accept the panel and how they make decisions? it is counter to america's long-term goals because they are going to want to find every which way they can to rule in favor of the other side so they can broadened access to the american market and our union has several cases that we have challenge that the wto and continue to do that because most of the time they overstep