the years of jack welch well behind us now. the stock is up more than 7% in the premarket.estion, our wall street interview of the day, though levinsohn joins us -- joel levinsohn joins us of bloomberg intelligence. this is about really looking acutely at what any given industrial company is doing. when you split off three companies, even over a timeline, the pr, the spin and all of that, who gets the liabilities? joel: they are all going to get some of the liabilities. my guess is if they follow the playbook, what you will wind up having is the energy company and the health care company will issue debt and use the proceeds back to the parent to lay down some of the liabilities, but the aerospace company will wind up with the majority of the liabilities because it is the company that can handle the most liability. tom: you wrote 15 or 20 days ago about the idea of a piece of this train wreck being junk junior subordinated paper, on the aircraft leasing. i get is a small part of it, but i think a lot of our viewers and listeners would be surprised that an adult like you is w

break it up into three businesses one focused on healthcare another one on aviation the westerville jack welchthe shareholders any good at all. i think it may be worse in the hole for the pieces are worth what her $40 billion combined. that's about 20% higher than recent prices it's possible the businesses could be snapped up he could and even spinoff happens which makes them more valuable. that may be an attractive one he had a fantastic track record under his watch the stock rose something at 14.4% on average annually versus 6% for the market but. >> comparing the chart to the de ge chart tells a heckuva story. meanwhile it turns out if you want to go all in on electric vehicles tesla's not your only stockmarket option. ready and debuted investors piled in. >> the biggest ipo since facebook and 2012. arctic worth more than $100 billion, fifth largest vehicle maker by stock market value. on the plus side it is the first market with the pickup that is key to the u.s. market. it's shooting for 1000 vehicles this year once they get up to 150,000 vehicles by 2023, seems like a tall order for memb

helped reinvent transportation and healthcare and the leadership aspect under the leadership of jack welchs of prosperity. revenuejumped prosperity. revenue jumped fivefold during prosperity. revenuejumped fivefold during his tenure. he was credited for making the company more nimble and competitive after cutting its workforce, but a moving to finance it turned into a massive weakness during the 20 08 financial crisis and the conglomerate model favoured by mr welch is now out of fashion, underlined by ge's decline in the last few years. its stock performed so badly it got kicked out of the dowel. critics argued the company was too complex and trying to juggle too complex and trying to juggle too many businesses —— dow for w is trying to simplify and split its remaining companies into three standalone firms focused on energy, healthcare. it is latest effort from the company that patent and the incandescent light lobe to restore its fortunes. ge the conglomerate is gone but ge the company is hoping this move will ensure it has a brighter future. let's talk about coinbase. coinbase, the large

this is truly the end to the house that jack welch built that maybe only he could run, your reactionringing permanent loss of capital to their shareholders. jack welch may have built this thing but built it over financial engineering and over half of the company was destroyed because of the house that he built. the only thing that makes money but we have to remember that 2017 acquisition of baker hughes was a stock. i was in new mexico, so we live in oil country and it was a joke. they don't know the culture, they don't know how to run it. the only interesting that i like is not they are going to pull the trigger and do something nice for shareholders, they will split off aviation which might have a chance to live some day but i think baker hughes is a disaster. when the spin ahs happens, the good kid, health care rockets up and the bad kid, the left for dead baker hughes no culture there is going to get sold off for so cheap that you might be able to make some money on it in the same way like garthman said, when gold is in a bear market for years, you want to buy it because it's goi

this isn't the jack welch company anymore, not trying to get bigger and bigger, they are trying to enoughce sheet. half of what it was in 2015. they are really decreasing five ex-dividends as well. amanda: thanks so much. appreciate it. a quick check on another stock we are watching, tesla continues to fall. 175 billion dollars in lost market value today alone. elon musk asked on twitter if you should sell the stock. 11%, matt. for matt miller, i'm amanda lange. stay with us. ♪ moving is a handful. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're at it with special offers just for movers at xfinity.com/moving. >> pfizer is hoping to get its covid-19 booster shot approved for adults aged 18 and older. the drugmaker is expected to share new data with the food and drug administration today. pfizer wil

this was one of the most powerful companies in the world when jack welch was running at.emed to be the most impressive company in america and now the company is being broken up. larry culp -- if his conclusion is the best thing to do to break it up it to unlock value, he has probably made the right decision. it is unfortunate but no company can stay as big as ge was forever and has to make changes. they did not make changes quickly enough and that is why they have to do what they are doing. lisa: do you think and 10 or 20 years will be saying the same thing about amazon? david: there are few companies that stay at the top of the world for as long as ge did. amazon could be one of them but amazon is still a young company. there is no doubt there will be more companies that we've not heard of that will be the dominant companies in the world. 20 years ago who heard of amazon, tesla, even apple was not that big of a deal or netflix. the world changes. that is one of the great things about capitalism. you can start a company and make it a powerful company. amazon will be aroun

the industrial giant built by jack welch and his predecessors will no longer exist.it into three countries focused on health care, power, and aviation. renewable energy, power equipment will be spu -- will be combined into a separate unit and spun off in 2024. the remaining couple he will be ge's airplane engine operations. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. guy: thanks very much, indeed. let's dig deeper into that story. ge is trading up circa 6% on the back of this news. our next guest has the price target of $127. deane dray of rbc capital markets joining us now. we've got a nice pop on the stock. you have a price target of 100 when he seven dollars. what you think the real breakup value of this business is? deane: thanks for having me on. we have been looking at ge evaluation on a some of the parts basis ever since larry culp joined with the expectation that there could be a breakup coming. so our published model suggests

ritika: the giant general electric built by jack welch and his predecessors will know lower exist.ys it will split into three companies based on health care, power, and aviation. health care will be split off in 2023. renewable energy and digital businesses will be combined into a separate unit that will be spun off in 2024. the remaining companies will be ge airplane engine operation. spacex has returned four astronauts from the international space station. they splashed down on the coast of florida late monday. the space agency was for -- was forced to alter the launch due to disruptive whether. boris johnson is under fire over a lobbying scandal involving a conservative party lawmaker. his government has been accused of corruption in parliament and even newspapers that are typically friendly took aim at johnson's party. a new poll shows approval rating at a record low. southwest gas has rejected an unsolicited takeover offer from carl icahn. the company says it is not in the best interest of shareholders. caribbean automotive prices is ipo and has raised is much is $10 billion i

jack welch talked about it, make sure you bring bridget. she was always looking for solutions. she was a great listener. she would start every meeting with what can we do for you. >> bridget is a wildly intelligent, highly accomplished executive leader who truly cares. she makes a difference in the bottom line for the people whose jobs ultimately make all the difference. >> bridget understood before any of us did that this was a relationship. she built the nbc cable group by using those relationships to take us from cnbc as a starter network to a powerful cable business with billions of dollars in deals that were done with the cable distributors, all of whom respected, loved, and wanted to spend time with bridget. when the comcast deal happened, 80% of the value of the nbc assets was the cable business. >> was founded over 25 years ago and bridget was a key part of helping start the u.s. paralympics ski and snowboard team raise money to be able to cultivate athletes and prepare them for the paralympics. >> it was the entrepreneurial drive of this industry that changed the way t

that dove tails into ge, the day of 9 have been 11, the day that jack welch handed over the reigns kindress conference for that event. it's unbelievable i hate to say we're aging. >> you have not aged a moment. >> we have >> this is an amazing lineup i am looking forward to these stories. megan, the duchess of sussex, something to behold. >> it is, yep, it will be interesting to hear so much out. we will have tim cook on, talk about things like china and crypto and so many other issues, then i know a lot of folks have gotten e-mails about adam newman there are folks fascinating, angry. we will talk about all of it >> it's good work, a huge lineup i understand why we are letting you slee in a little bit today, tomorrow, you need it we will be watching. >> thank you, you bet. >> all right all right. all right. why am i most excited about mathew mcconaughey coming up, jim cramer's first take on the trading day ahead, bob diamond on the markets and investor and inflation worries, ayllowing today's ppi datas. st tuned you are watching "squawk box." on cnbc. on cnbc. >> it makes it easier to

when they brought into evidence an email from 2015 between diller and jack welch who was a paid adviserd diller was over estimated greg blat and he was a cancer diller disagreed with welch. clearly something that iac investors are paying attention to. >>> roblox gearing uch for investor day tomorrow. we'll see how they stack up enwh wee joined by an analyst this broker is your man. let's open your binders to page 188... uh carl, are there different planning options in here? options? plans we can build on our own, or with help from a financial consultant? like schwab does. uhhh... could we adjust our plan... ...yeah, like if we buy a new house? mmmm... and our son just started working. oh! do you offer a complimentary retirement plan for him? as in free? just like schwab. schwab! look forward to planning with schwab. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> shares of roblox skyrocketing since the ipo ba

neil: you know i wonder what the late great jack welch would have thought of this.e is looking to split itself into three, aviation, health care, energy, not all at once, phased over years but propelling the stock again that has sort of overcome its rodney dangerfield reputation and finally getting some respect on the street. is that justified? let's go to gary b. smith, kadena group, fox news contributor. gary what do you think? >> well, i suppose it is inevitable you know, neil? one, it will make a great harvard business school study in 20 years to see whether it is in the right move or not. we're in the area of specialization. you look at almost all the superstars of the last 10, 20 years, they started out as specialized companies. amazon, netflix, even tesla. now you know some of those have had to grow and acquire parts that maybe without their specialty, amazon, acquiring whole foods, but right now, you know, it is the kind of environment, you have to be nimble. you have to be quick. is this breaking up going to matter for these ge parts? i don't know. i guess