i don't know why you don't. >> since our report first aired, jeff immelt has remained a lightning rod for some critics. but immelt's brand of realistic optimism continues unabated. coming up, tough times in the american heartland. >> i wonder when you look forward now, what you think about rehiring people. >> when we hire somebody, we're definitely gonna need them. we're not gonna hire one person until we need two or three, and we're probably not gonna hire two until we need four or five. >> the economic struggles of newton, iowa, when 60 minutes on cnbc returns. i take prilosec otc each morning for my frequent heartburn. because you can't beat zero heartburn. woo hoo! [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current

jeff immelt buying $1 million worth of the shares. should you buy along with him?we'll go live to turkey where the central bank there is holding an emergency meeting right now. find out what impact events 5300 miles away will have on your portfolio. it's pretty significant. find out why after this short break. you're watching cnbc, first in business worldwide. en to innovation. open to ambition. open to bold ideas. that's why new york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and grows more businesses... we're open to it. start a tax-free business at startup-ny.com. let's say you pay your guy around 2 percent to manage your money. that's not much, you think except it's 2 percent every year. go to e*trade and find out how much our advice and guidance c you're watching cnbc, first in spoiler alert. it's low. it's guidance on your terms not ours. e*trade. less for us, more for you. >>> welcome back.

revenue came in better than expected and jeff immelt says he's pleased with the performance.der pressure. they missed by a penny with quarterly profit of 51 cents a share. intel gave a flat revenue forecast for the current fiscal year. december was not a banner month for the video game industry. despite new versions of the xbox and play station, sales of new games at retailers fell 17% from a year earlier. that's according to the mpd group which says fewer new games were released and some of the new offerings haven't performed all that well. nintendo is forecasting an annual loss on extremely weak sales of it's wii you console. >>> it's official, apple is launching its iphone on china's vast mobil network. the deal opens the door to the carrier's 763 million subscribers. did you hear that number? >> uh-huh. >> it gives apple china sales a jolt. >> 1.2 billion people. >> that just is like a number that does not compute. what do we have, 300 million people here total in this country? eunice yoon joins from us beijing. the numbers are so easy to say, you just have to sometimes t

>> jeff immelt is the ceo of general electric and one of the country's most important business leadersan even more important title, jobs czar. immelt, a republican, was recruited by president obama to help generate ideas about creating jobs. >> if you just looked at how many hours a day do republicans spend on job creation, do democrats spend on job creation, does the white house, it's nowhere close to 100%. we're not spending enough time on jobs. >> you know, the economists say

i have been hearing about this restructuring since jeff immelt took over in 2001., he faced 9/11. yes, he's faced some wars. yes, he had the financial crisis but the stock peaked in late 2000 at $60 and has never looked back. he's been restructuring the whole time. i mean when is this stock going to gain some traction in a meaningful way? >> look, i can tell you that, you know, the flows i'm seeing on the desk the important thing to look back on is the money flow and who is buying this name. we're seeing a lot of hedge funds on this weakness buying the weakness. they obviously have done their research. i can tell you when i look at this name and i look at them restructuring and getting back in line with what the other industrials are trading at this stock could easily go right back up towards its highs. i think we're at a crucial level here. technically we broke through the 50-day. we get down toward the 100-day and i think you will see a tremendous amount of demand come on for this name. >> even the company's management country indicate it's going to be growing ea

an update on that industrial juggernaut and jeff immelt.of the weather coverage, it is germane to the new york stock exchange. bonnie schneider will give us perspective throughout the morning. >> thank you very much. >> a warm-up for davos. >> get your knitwear sorted. frosty between president obama and president clinton, not so between the nations' biggest oil countries. exxon aret and working together. coming up next. ♪ >> welcome back, you are watching "the pulse," live from london on bloomberg tv. the u.s. argued over human rights and the fate of edward snowden, energy companies have found something to agree on. drilling for arctic oil. ryan chilcote has been covering this for some time. what are the latest deals exxon? rosneft and beenxon and rosneft have working together quietly. this year, they will start work on their first arctic well. exactly?is it ocean.art of the arctic it is where the river flows into the ocean. it is separated from the west, the place where the soviets used to dump radioactive waste. this one well, they have b

. >> but it is good for jeff immelt. >> it is, but -- >> you are optimistic on growth and ge's forecastgrowth. but are they optimistic because they have to be because they are losing earnings from the finance division soon, or are they optimistic fundamentally because they are going to grow? they will lose a lot of earnings out of that. >> big earnings, yeah. i think they are optimistic fundamentally because they are in a position, they are in place. the next big plays is africa. the last big place was south america. , it has been and continues to be china. i think they are well enough positioned -- they are not counting on india. india has a lot of potential, but it is the biggest black hole i look at every day around the world. >> thank you so much. erik? >> you think the consumer electronics show is so 2000? >> i do. >> well, think again. the conversation is coming later. you are watching bloomberg "surveillance." don't forget about apple tv. you can watch all our interviews live or on-demand. ♪ >> good morning, everyone. bloomberg "surveillance." we will get to the weather, but with

. >> roger goodell and jeff immelt, welcome.o be with you. >> we want to talk about the matchup, weather contingencies, security, all of that. but let me begin with what brings the two of you together, the effort to do something about concussions. how did this start? >> look. i've been a friend of rogers and he's done a lot with the nfl over the years. i think brain science is a place where ge's invested heavily through our health care business. it's bigger than just the nfl. it has to do with alzheimer's disease, traumatic brain injury military kids are experiencing when they come back, and certainly concussions are a big part of that. we felt that there would be an opportunity to unleash the technical mite of the country to be a part of this. the nfl is a great convener. it's great brand. when they do something, people listen. so roger and i started talking about this about a year ago and we made it happen last march. so far, so good. we're getting a ton of great ideas how to treat, how to diagnose and that's the power of two

jeff immelt, a very good looking man. performed very well as the ceo.eir performance. but, you know, this is not surprising. there are always all these studies that better looking people get paid more, in essence because they have more social graces, they're used to charming people. in terms of elections here in the u.s., usually the taller person is the one who wins the presidency, often the better looking person which has, until now, been a man. but maybe one of these days we'll get a tall, good looking woman as a president here. >> doesn't have to be tall. although i was going for tyra banks. she runs banks enterprises. there you go. >> oh, okay. she's definitely very attractive. >> she -- there you go. there you go. she is. bertha, look, if you set up your own business, no problems. don't worry. you're there. >> oh, thanks. marissa mayer is very attractive, as well. so there you go. maybe they proved the theory. >> yeah. good. we need to have a drink with this conversation, so it's too early in the morning to continue it, so we'll leave it there. >>

are cold and heartless, but because they believe it gets in the way of the economy growing and jeff immeltows at 3 to 4%, these problems are no longer problems. >> i think you're exactly right and republicans do see these assess symptomatic of a larger problem and that is why they say, no, we don't want to extend unemployment benefit insurance and don't want to raise minimum wage because these are just going to be temporary band-aids for the larger problem of the disht deficiencies with the obama economy. as harold said, i think they do have to offer some type of policy provision or provisions that address the economy. and, so far, they haven't done that. i hear this week you will hear more concrete series of steps they want to take, but until they do that, i think they do risk sounding too much like they are just criticizing the president and, of course, they tried to have that fight in 2012 and they lost. >> tina, the argument progressives make on the rising tide lifts all bodies it has raised the last decade for some people and very few people and their boats have not risen. >> their bo

i'm going to say what i heard jeff immelt say before.these problems we are talking about get more complex, more complicated. >> try 3% growth. >> if we have 3.5% growth, suddenly, boom. things start falling into place. washington has to have a pro growth agenda. you talk about the keystone pipeline those are good paying jobs. would that take care of everybody? no but a mindset and washington getting in the way of growing this economy in a way that could really cause an economic explosion. >> understand this. when we invest in infrastructure in this country whether academic infrastructure or bridges or roads or transmission lines, then there is a payoff 2-1, 3-1, 4-1. when you got war you blow up the bomb and 1-1, that's it. you spent 12 years with blood and treasure and still in afghanistan for god's sake and nobody can remember for the last 11 years why we went there. al qaeda attacked us and now we are fighting somebody calling the taliban and they live in the caves in the stone age. >> speaking of presidential leads. you've called pre

costs will be unbelievably low and technological it doesn't make sense to outsource any more and jeff immeltyou try to get a new product asbestos quickly as possible, build it here. >> i'm not allowed -- >> i still love america and it makes me sad that you -- >> i'm told i'm not allowed to respond to that today but i'd like to come back and get equal time. i love america too but i think we ought to see the world as it is, not as we would like it to be. >> okay, nay sayer. >> oh, no, no. really. >> mr. realist. >> miles -- not miles. stay with us. >> steve, stay with us too, please. >> you want steve to stick around? >> i do! >> he wants to kick america around. >> i want rattner to stay. we will talk to author anna quindlen and patrick murphy coming up. open to bold ideas. that's why new york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and grows more businesses... we're open to it. start a tax-free business at startup-ny.com.

jeff immelt said we saw good conditions in growth markets. strength in the u.s.ironment in europe. i call that modestly bullish. did you see what schlumberger said, the overall global economic outlook continues largely unchanged with fundamentals continuing to improve in the u.s. and are rope seemingly set for stronger growth. let's say modestly bullish overall, still not strong commentary but generally good things. ge, david, i don't know about you, but this is real nitpicking. it's down here. some companies have been making the numbers and analysts complaining about cost cutting for a long time. let me tell you something, companies are making these numbers largely on cost cutting, complain about that or say it's down on that i think is silly. amex stated rich people, you see what they're doing there, look at their numbers, fabulous, total revenue up 5%, core market grew 9% on their build business. they're going after higher-income people. so far that strategy is working. back to you. >> yep. tale of two cities in a lot of ways there, of course. >> yeah. >> let'