our guest host is jack welch. to intro you, i have to talk about so many things, ge, you're executive chairman of jack welch management. what was the other one. >> winning. winning. >> before he said it. you've had tiger blood for years before -- i don't know any other similarities with charlie sheen. when you come in, i never know what has really got you going. can i just start with your knowledge from clayton and other places about the economy. yesterday we had someone say he was looking for 4% by the end of the year. today we had an economist, she says 2% to 2.5%. nothing's changed. everybody is wondering is it just the weather? have we had data points that show we're doing much better? do you think we're 3% this year. >> i just reviewed six businesses in the last 48 hours, three a day on tuesday and wednesday. and i would say that as of now, this economy hasn't changed in the last 12 months. we have a 2% economy. that little blip in inventory in the third quarter of last year didn't change it. however, there's

nice talking with you. >> jack welch.p next we are "on the money" planning to toast the irish this st. patrick's day? we're taking a look at business behind the bar and in the bottle. cheers to >>> whiskey names, and the spirited rise in popularity and sales. ray isle is executive wine editor at "food & wine" here for a look at the leader in the spirits industry just in time for st. patrick's day. ray, thanks for coming in. >> thanks for having me. >> can't believe we are doing this today. >> good for you. full of vitamins. >> it is. ready to go on this. talk abut sales. why is this taking off? >> a number of reasons. one is that there's such an interest in cocktail culture. a little "mad men" driven. young people are switching to brown spirits. irish was a forgotten category. it just rocketed off. >> why irish whiskey, why not scotch? >> scotch is more saturated in the market. irish was really, honestly, little forgotten. it has gone up more than 400% since 2002. just in the past, 2012 growth was 23%. 2013, 18%. keeps go

lessons in leadership, how former ge ceo jack welch says you can get ahead in your job. >> one word, overdeliver. >> the markets take a breather this week. is it anything more than a pause? why everyone is so nervous about china all of a sudden. >>> seeing green for st. patrick's day, why irish whiskey may replace scotch as the drink of choice. does the name mcsorley's mean anything to you? "on the money" starts right now. >> here's a look at what's making news as we head into a new week. the big chill in the u.s. economy may be thawing, sales rose 0.3% last month. that was better than economists had expected and it could show a rebound from a weather related mid weather slump. consumers make up more than two thirds of the u.s. economy. a surprise sell-off late this week although there was no shortage of reason, ranges from fears about china's economy and tensions in ukraine. the dow fell 200 points on thursday, the fourth consecutive down day. the markets continued to fall on friday. amazon may have the lowest prices around but raising prices for amazon prime, $99 from $79. it allow

jack welch with 420 million bucks. lee raymond, exxonmobil, 320 million.eally long time. adam: how long was this guy marcus, despite terrible customer service and despite tech techs never show up on time or ever how long -- >> he was a cable vet but ceo -- adam: six weeks. >> what is key here important for the story. it triggered the clause for when the company is sold you get the golden parachute. you look at other golden parachutes when they sell their company? look at steve wynn, could walk out with 240 million bucks if he sells his resort. >> he will die as ceo of wynn las vegas last. there will be a lot of backlash against this story. >> march madness brackets for ceo pay right now. cheryl: liz, mcdonald, very good. >> what performance. cheryl: are you watching basketball? >> no. cheryl: adam, are you watching march madness at all? adam: no, we're watching melissa francis getting a million dollar payout just saying hello. >> who cares about basketball. thanks, guys. money is on ceo lert as techs clash with the president over cyber snooping. what role

my guest next week, businessman, jack welch on the economy, markets and state of am can buo americanon the money." and i will see you next weekend! [ yodeling plays ] worst morning ever. [ angelic music plays ] ♪ toaster strudel! best morning ever! [ hans ] warm, flaky, gooey. toaster strudel! ♪ [ male announcer ] don't wait for awesome... totino's pizza rolls gets you there in just 60 seconds. ♪ ♪ >>> you're watching an nbc bay area news special. tonight "class action". >> we are coming to class watching youtube videos or coloring. >> a student at the center of a lawsuit speaks out about a teacher not doing her job. >> coloring in eighth grade. it's ridiculous. >> the high-profile trial over job protections for teachers. >> the issue is not how do we get rid of bad teachers. the issue isc0Ñ how do we get m funding? >> the new president of uc responds to her critics. >> the fundamental problem is not me. >> frank talk about the immigration debate from janet

my guest next week, jack welch on the economy and the state of american business. each week, keep it herer, we're "on the money." have a great weekend. and i will see you next weekend. if you wear a denture, take this simple test. press your tongue against it, like this. it moves! do you feel it? it can happen with every denture. these movements may irritate your gums. but you don't have to bear with it. you can try fixodent plus gum care. thanks to its formula, your gums become one with your denture. this helps stop movement and helps prevent gum irritation so you can keep enjoying life. [ apple crunches ] fixodent. and forget it. at kaiser permanente we've reduced serious heart attacks [ apple crunches ] by 62%, which makes days with grandpa jack 100% more possible. join us at kp.org and thrive. [ticking] >> in a nondescript t-shirt at a nondescript desk, mark zuckerberg runs a vast global empire, leading the whole internet in his direction. is the goal for you to conquer the whole internet? to own the internet? >> well, think about it like this. people--if they

my guest next week, businessman, jack welch on the economy, markets and state of am can buo americans. each week keep it here, we're "on the money." and i will see you next weekend! >> paula patton first public appearance since split from robin thicke. casper out of j.lo shadow and paparrazi targeting celebrity children. heated debate hits our stage. hi everybody. welcome to "access hollywood". weekend edition i'm shaun robinson and we start with the confrontation between 2 stars and a paparrazi photo agency. dak and kristen leading the charge against paparrazi taking unauthorized photo of the children of stars. they are very passionate about the cause and took on 2 men about the opposing view. all went down with billy app kit. >> on the street and i'm telling you as a mom when i'm

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. >> jack welch, who a lot of people listen to, he wrote something that taught -- caught people's attentionsources departments, which everyone kind of hate. everyone has a bad experience. he says they are either cloak and dagger societies or wellness sunshine factories. pastors.ld be parent they should be nurturing, but firm. his big question is, hr should have a seat at the table as much as the cfo. the cfo says, we can't afford -- >> they never are. >> which they never are. he said he spoke to a group of 5000 hr professionals and he says, how many people have a seat at the table with the ceo? 50 hands went up. of everyhe lifeblood company. nurturing talent. holding that the wrong people and getting rid of the dead weight, and the departments are not given the respect it deserved. >> finally, i thought this was interesting. you had another big influencer rogue ramming. the state of my industry. anything you can tell us? what we had about 80 influencers right from about three dozen industries. one of the great lines came from jeffrey immelt who said that every company needs to simplify or o

. >> we talked to jack welch yesterday.e had just come from 48 hours of looking at six different companies. they're very closely involved with. he said it's the first time that he's seen these companies, first time in about six years that he's seen these companies so optimistic about the outlook. some of that is based on early orders that they're getting coming in. but he says the optimist is different this time. would you agree with that? >> i would agree with that. i think as you look around the u.s. in particular, and you guys talked about it earlier, the fundamentals, good. consumer sentiment, still good. employment has a challenge there, but at least it's stable and creeping in the right direction. at least they're generally pretty good about it. the question is are we ready for the stocks? >> that is the concern. >> that's right. >> if you had to look at this level of confidence, where would you put it? >> actually, the confidence level up clearly. it's the highest it has been in the last six years right now. that cha

the world doesn't need another story about jack welch, but rather a fire reach young millennial why don'tst managing job, the marriott airlines kitchen and to find out why the employees were throwing out the cut very. but we found out they did so because they couldn't get it clean. how did these people make me buoyant and support me as a kid who didn't know much about anything. was about emotionally intelligent leadership. stuart: did you make money from the price was that? >> mary flanagan, the retired cfo would say it is a $1 billion idea. it did well for the brand. stuart: i don't care about the brand. did it do well for you? >> we all did great. stuart: why do we always leave the best for last? a wonder i didn't ask you for a dollar figure. how much did you make out of the price list? you are not going to tell me. it was a pleasure. thank you. federal express blaming the retailers, fedex blamed the retailers for shipping troubles over the holidays. said they were sloppy, couldn't handle it. can they handle a demand? that is next. [ male announcer ] what if a small company became big b

. >> jack welch says this is the first time in the last six or seven years they sound truly optimistic on the order flow we're seeing we could push through to a higher level. does that echo what you've seen. >> yes, i did try to recruit jack. he's been a very good job. their business is more europe and the united states and probably the emerging markets. i think their european and u.s. portfolios have done pretty well. those companies are doing quite well, for example, home depot supply. we are quite pleased with our reactions with them and our relationship with them. i think jack is right. we do see some growth and we see more growth today than we probably saw a year ago at this time. >> you tried to recruit jack, you said? >> i did. >> to come to carlisle? >> i did. >> he came over to my house in nantucket. all of a sudden tiger woods was playing in a tournament. he wanted to watch it. it went on so long, he said we can't finish it today. before we had a chance to talk again, he decided to go to slitten. >> you' >>. >> you're kidding me. >> i think he's done okay. >> he's not struggl

and number three, some sources have been comparing this to jack welch leaving ge, noting that whoeverm here might have a painful transition. it's just a matter of who. guys, it's really a popular discussion right now on wall street, but that's the latest from what we're hearing. >> kayla, play out the parlor game. who outside of jpmorgan do you think is interesting? >> it's an interesting question, andrew, and it's one that really gets to the heart of what will jpmorgan look like in five years when jamie dimon does decide to retire. he has said, and he and mike kavanaugh had had discussions about at what capital level you have to get to before it is economically prohibitive to stay as big as it is. do you split the bank to become an asset and consumer bank and also an investment bank? that would introduce a lot of potential candidates from the outside to that bank. i think at this point, the board is really looking at gordon smith as the only person internally that could run a firm as large as jpmorgan is in its current form. but in its current form is really the big question here. as

. >> we had a very upbeat jack welch earlier.ry forecast we've had in the last 48 hours in our businesses call for a pick-up in the last half of the year and they all believe it's going to be there. they are seeing new orders, bookings not bad. but it hasn't changed yet, i'll tell you that. this is a 2% economy. >> does that fill you with enthusiasm for the stock market, art? >> well, second half is a bit off, you know. you live by the minute here in the stock market. and i would be enthused. one of the things that has lagged is capital expenditures, and it sounds like jack's looking for that to pick up. that could be a big help. it will also put pressure on profit margins. but let's look at the optimistic side. >> the list of red flags today. we got auto loans that are longer than six years becoming a bigger piece of the pie out there and margin debt. people are talking about that at a record level. what's the possibility of a forced liquidation down the road? >> well, forced liquidations are very difficult. you can recall what