i don't know why you don't. >> since our report first aired, jeff immelt has remained a lightning rodome 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. vo: once upon a time there was a boy who traveled to a faraway place where villages floated on water and castles were houses dragons lurked, giants stood tall, and the good queen showed the boy it could all be real. avo: whatever you can imagine, all in one place. expedia, find yours. and it feels like your lifeate revolves around your symptoms, ask your gastroenterologist about humira adalimumab. humira has been proven to work for adults who have tried other medications but still experience the symptoms of moderate to severe crohn

>>> and general electric's ceo jeff immoment is one of the most -- immelt is one of the most admiredld. but are activist investors circling? how ge is now using an activist playbook to fortify its defenses. you may own ge, it may be somewhere in your portfolio. you need to hear this. ♪ ♪ ♪ see what's new at projectluna.com if ...hey breathing's hard... know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. spira helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constip

jeff immelt is cognizant of the risks he takes around the world. g.e.ital will be adding to the bottom line. also, the aviation business, the services business. this is why you own g.e. the fact that he is buying the shells is a fantastic endorsement. >> if only he had a good track record. you want to look at the timing. the past four purchases he's made is no less at $24. the past 17 were done at no less than $30 and change. >> that's not counting the share buybacks. >> he's not timing his stock. >> i'm just saying, some people have better track records. and he apparently does not. >> a great track record at the helm. >> no doubt about that. >>> next up, dish and disney's new deal. the company is carrying disney-owned networks like abc and espn. dish will turn off its ad-skipping feature, autohop. sounds good, too, for abc shows. >> i love it for both companies. specifically, the content providers right now really have all of the goods right now. disney, monster content provider. when you talk about internet tv, the growth there has been incredible. i

the ceo of ge is putting his money where his mouth is...jeff immelt is showing his confidence in the company by investing his entire 2013 bonus in ge stock. he purchased nearly 104,000 shares. paying $2.6 million.. immelt tells shareholders: i believe in ge. ge stock currently trades around $25 dollars. rising 2% on immelts move.. in our cover story, the supreme court expands federal protections for whistleblowers. after the enron scandal, employees of public companies were protected from retaliation, including firing if they blew the whistle on activities that could jeorpardize investor holdings. now, employees of private companies working on behalf of a public company have those same safeguards. the supreme court ruled that two employees of fidelity investments, america's 23rd largest private company, were passed over for promotion, and threatened with charges of insubordination for alerting supervisors of improper accounting practices involving fidelity's mutual funds--it's public companies. "i think it's a big deal and will be a bigger deal as more people are aware of this case i

jeff immelt referred to 3-d printing as the holy grail in terms of taking cost out of their aircraftlot about their consumer side, but really it's their industrials. 90 % of their revenues are coming from the aircraft and automotive industries as well as health care. there are a number of ways people are are playing that. cheryl: i guess the reason those comments came to mind is we've been so bullish on the 3-d sector ask all these companies, and i'm going to get a new me in 20 years that's going to be 3-d printed. she kind of said wait a minute, there's a lot of question marks, and the quality that we're getting from these machine isn't where it needs to be. you mentioned some of the industrial names like a ge, that's kind of her concern. >> well, you know, we've already seen major joint ventures with hershey's, with google, with, you know, a number of companies. and they're really showing through their revenue growth that they are, actually, able to produce products that are interesting. they've got a hundred different materials that they're able to print in, everything from cerami

>> jeff immelt is the ceo of general electric and one of the country's most important business leadersw he may have an 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 that the recession's over. >> really? they shoulme

filing, jeff immelt spent his whole 2013 bonus, about $2.6 million, buying ge stock. that brings his total stock purchases for the year to 145,000 shares, more than any other ceo of an s&p 500 company. so if our former boss is buying shares of ge, should you? let's talk numbers. on the charts, rich ross. on the fundamentals, steve cortez. rich, first to you. i actually never worked for jeff because comcast came in, so i'll just go to the charts. rich, is it looking like jeff, who is a smart guy, is making a good call on ge stock? >> well, i tell you, i put my cash bonus into j. crew and snow removal but i actually did buy a little ge in the 401(k) and if you pull up the chart, i will tell you exactly why and exactly why i would buy more right here. the first thing that you see when you look at the chart is that well-defined trend line, a stock that's been hugging the 200 day moving average now for over a year. early this year, we get a 13% pullback which breaks sharply below the 200 day but that breakdown proves false. as history has shown us, false breakdowns beneath

>> we're going to begin with a general electric ceo jeff immelt spent his entire 2013 cash bonus of $2.6lion buying ge stock. you can see shares higher on the day. and then there's jcpenney moving higher after standard & poor's raised its credit outlook on the retailer to stable from negative saying sales have turned the corner. russian stocks rebounding today after selling off as the crisis in ukraine eased up a bit. qiwi, mobile telesystems, and yandex. delta hitting a record high after revenue rose 4% from the same time a year ago. on the flip side, cliff's natural resources, it fell as wells fargo downgraded the stock to underperform from market perform due to a challenging macroenvironment. shares down 2% on the day. bill? >> seema, thank you very much. so big down day yesterday, we've had plenty of guests through here, including warren buffett, who said they would use it as a buying opportunity, and at least for today they were right. >> that's right. our next guest taking it a step further saying any volatility in this climate becomes a buying opportunity. joining us with more, vi

the company just filed notice that their ceo jeff immelt has put his entire cash bonus for 2013 $2.7e stock. so far this year he's bought 145,000 shares. that's $3.6 million. now owns 2 million shares and that is apparently one of the biggest buys by an insider ceo of the s&p 500 over the past year. maybe. except for richard kinder at kinder morgan i'm told. in his letter to shareholders says i'm investing right alongside you. >> and has held those 2 million shares since he became ceo. it's funny, he's a longtime ceo is mr. immelt at 12 years and counting. almost 12 1/2 years at the helm of ge. we've seen the stock trade at 45 times earnings. be almost $60 a share. 9/11 hit right after his tenure began as ceo. the company has not seen anything like those numbers since. dropping as low as $6 a share in march of 2009 if i recall. >> in fact, march 9th the anniversary of 666 is this sunday. >> we had the ceo keith sharon on "squawk box" as we revisited so many of the worries that we'd had a few months earlier that perhaps this whole thing is coming crashing down to sort of paraphrase ge

certainly jeff immelt thinks they'll get it right.track of normal valuation, 17 times earnings, that's not so bad. the sales -- times sales i could understand why someone wants to short salesforce. i think they will be obliterated if they do. and the final group, we see a lot of stories start joining the tesla group and we're seeing that in some biotech. i'll get worried. they don't remember what 1999 was like. we were valuing stocks as if they were all going to be amazon. and manies don't exist. 300 companies got wiped out, okay. and we were valuing them as if every one of them would be the next coming of a yahoo! which was so valued. so, please stop comparing this. please. >> so, when dudley and fisher come out, right, and they talk about not just valuation but margin debt -- >> right. >> -- the spread between benchmarks and corporates, are they being paranoid? >> fixed income i don't like. i think that rates could go higher. i think the economy is a little bit stronger. fisher i totally discount. he's been so wrong. he's a really n