what jack welsh thinks is at stake and what the donald might have to say. and jack welsh, one of the greatest ceo's ever on ted cruz and why he thinks he's the guy with the right tone and the right approach. jack, next. this little guy is about to make his first deposit. we'd like to open a savings account for him. yes yes. great thanks to mom and dad and their safe driving bonus check from allstate. oh. look at this. safe driving bonus. are you a safe driver? lucky little fella. only allstate gives you two safe driving bonus checks a year for driving safe. see how much more an allstate agent can do for you. call 877-644-3100. like in most families, dad's always the last to know. that's why accident forgiveness was the first thing he asked for when he switched to allstate. michael james! middle name. not good. get accident forgiveness from allstate and keep your rates from going up just because of an accident. find out how a local allstate agent can help better protect your family. call one right now. and if you're a safe driver, you can save up to 45%. jus

itous for jack welsh heading up. having gone through rough times in recent years, pulled down by its unit, ge capital. jeffrey has been the ceo for quite a while. he has hit on what will be a solution. he is trying to turn the company into a software company. he hopes it will be in the top 10 software companies in 2020. there are signs the company is changing the way it does business. it is a real transformation. he has been in there since 2001 and people have been waiting for something to happen. have given up. in the last year, they are outperforming the s&p, he is getting rid of financial assets, that caused trouble during the financial crisis. they focus heavily on the industrial side in the industrial internet. they have developed an operating system to connect this stuff. we associate ge with refrigerators and jet engines, and jeff comes in and he wanted to become a software company. people by surprise, especially the people they try to hire. company,up a software started calling people, people did not know the

and jack welsh tweeted his presidential pick up next. with your brain, which controls your thumbs, which control this joystick. no, i'm actually over at the ge booth. we're creating the operating system for industry. it's called predix. it's gonna change the way the world works. ok, i'm telling my brain to tell the drone to get you a copy of my resume. umm, maybe keep your hands on the controller. look out!! ohhhhhhhhhh... you know what, i'm just gonna email it to you. yeah that's probably safer. ok, cool. >>> welcome back. a lot of earnings after hours here. broadcom, up about 7.5%. smith & wesson is up 6.5% on its strong outlook. hewlett-packard up. moving politics, though, jack welsh has just weighed in on his pick for the republican presidential nominee. he tweets, if you care about supreme court rulings, ted cruz is your only sure bet. >> what i think is interesting, of course, he hasn't said this in his tweet is, would he sign this pledge. no matter who the republican nominee is, you know, jack being a longtime republican, would he

come on, we know you love jack welsh. trump is a wolf in sheep's clothing. mr.live.com. neil you're a sellout, i used to think you were the best. you are completely against trump. stop blasting trump and blaming him for other's behavior, i did not think you were so ignorant. >> steve in washington, you always pride yourself to reaching out to all the other candidates. i don't care about the other candidates. i only care about donald trump. why haven't you once, just once talked to ted cruz? >> i have. several times. tipper in chicago, i remember you dismissing trump when he first announced he was running for president. i guess you were wrong on that one. no, i guess you were wrong. maybe because you missed this comment and many like it, when mr. trump first entered the presidential race. those of you who are going to dismiss the real estate developer who says he's worth north of $9 billion, do so at your own peril. this is a man who has risen from the ashes time and time again. but think what you will, ron in san diego, i have never known you to be anything but

apple for practically nothing and decided not to. >> it isn't really, in fairness not jack welsh.pple spindler came to us. we had quarterly meetings. he wanted an opportunity to give his pitch. he came and gave a pitch in 1996 and broke down during the presentation. he was telling us that the stock is killing them. investors are on his back. he can't get this thing rolling. >> steve jobs had been back at that point? >> no. >> this is before. >> if you bought the thing do you think -- >> the consensus fin room is we can't do anything with this. this is way outside of our game. we were not a silicon valley company or orientation at that point. there were no supporters. we felt terrible we couldn't jump in here. >> to help them? >> they had a lot going -- >> nobody knew. >> then jobs came back in after that. it was $2 billion. >> i heard there was a chance by google at one point. >> well, i don't -- no not specifically. >> not specifically but could have been done. google didn't have any business until 2003. they were free. we had notice. >> one more question about business too. you

camp that 2% growth, gdp growth during an economic recovery is simply unacceptable and i think jack welshthe american economy. i still believe that american entrepreneurialism and free enterprise is the best system in the world and creates the most well being for the most people. but 2% gdp growth with a country that's demographically growing is just not enough. and, therefore, you see the stagnation on wage growth and i'm in the camp that we need to get the shackles off this economy, get back to 3%, 3.5% growth and that ironically means more trade deals, more reasonable regulation, a reformed tax system to get this -- and an economic immigration policy and get the controversy around immigration behind us, for god's sake. immigration is one of the great secrets of america's economic strength. so, i'm fundamentally dissatisfied with 2% gdp growth and i think the american people are and i think you see that expressed on the left and on the right. >> mike, i want to thank you for your time today. always appreciate talking to you. >> great seeing you, becky. thank you. >> when we come back it

. >> that's fine for jack welsh has a particular problem with hillary clinton and he would vote for almostdy over hillary clinton. that's fine opinion that's his position. i know how he feels. in my world of republicans there's a lot of republicans when they one what ted cruz is for and against will have a real trouble. >> look, i know ted cruz, i worked with him in the bush administration. he wasn't my first choice to be president. but with every candidate in the race, of those 17 candidates that were in it from the beginning, every candidate including ted cruz, almost every single one of them one could say you know what? i don't agree with him on this. he has the temperament for the job. i'm not concerned about ted cruz having access to nuclear codes. donald trump is unique in this context. many p.m. have serious questions whether he has the temperament to do the job. you may disagree with him philosoph philosophically. >> i'll take your point on the nuclear button. i think i could trust him with that. when you look at his other positions on so many issues and his whole vision what gover