we gave you three to choose from. >> the jeff immelt one i thought is fascinating. to add another one, but it's not really a newspaper. the jpmorgan annual report. and actually read jamie's letter. you were mentioning the inversion thing. if you read not just that op-ed you were referring to but just "the wall street journal" news story with the quote from brent saunders, who runs allergan. when he says that the rules are un-american, i sort of shook my head and thought, what are you thinking? to me, it's more un-american in an odd way that he lives in america and yet pretends he runs a company that's based somewhere else. >> yeah, in ireland. he made those comments on "squawk on the street" yesterday. >> i thought to myself that the comment itself seemed so familiar. that's where it came from. >> there you go. >> anyway, we got a big show. i want to tell you, the biggest part of the big show is in the 8:00 hour. diane von furstenberg is going to be here. she is a businesswoman. we're going to talk about business with her. but we're going to talk about fashion and e

. >> jeff immelt has a different idea. >> it's about the flat tax.are talking 10%, 15% for business and talking about a planned. >> a model for repatriation to bring the money back. >> is a plan that's going to incentivize businesses. that's the bottom line. anthony: i think your question was too narrow. candidate for corporate america? i don't really care about corporate america. i care about the business environment and i would say if you're going to affect candidate to plug the loopholes that closes, that lowers the raids all the republican candidates call for that some of them add up. >> you can't care about the business climate and in not care about corporate america. >> they rely on crony capitalism. >> that's why i say if you look every month at the jobs data who is creating the jobs. they can read the book of the jobs and yet they have no voice. >> they all have lower taxes. >> let me say one thing is 50% of those businesses tied to housing. lower and middle-income housing hasn't completely recovered which is one of the reasons we are not gro

and that is, i think, a greedy corporation. >> jeff immelt, the ceo of ge, criticized you.e said there's a ge plant in vermont and you've never come by to visit. >> he's not telling the truth. >> you've been there. >> yes. there's a large plant that makes airplane parts. >> lastly, sir, your campaign manager, jeff weaver, said this week there will certainly be an open convention on the democratic side if neither you nor hillary clinton goes over the magic number of delegates with pledged delegates alone. i just want to make sure i understand this. you will contest and try to get the nomination even if clinton has more votes and more pledged delegates after california. >> well, you know, i think what -- first of all, that's a long way off. we're three months out and i'm not much into speculation about the future. i've got a primary here on april 19th which i'd like to win. we think we have a path toward getting more pledged delegates than secretary clinton. i think that if we continue to do better in general election polls in terms of defeating trump by a much larger margin

bernie sanders took aim at jeff immelt once again. take a listen. >> what we need do is to tell this guy immelt who's the head of general electric, he doesn't like me, that's fine. he has outsourced hundreds of thousands of decent paying jobs throughout the world, cut his work force and by the way, it turns out that both verizon and general electric in a given year paid nothing in federal income tax despite making billions. >> of course, the two sides have been going at it. immelt's op-ed. and sanders earlier in the week saying i welcome their contempt. >> yeah. this is a new philosophy. i think that those of us who follow technology companies, i think it's interesting that he's not thinking tech. the tech companies make nothing here. i mean there is no reason for jeff immelt to have a factory in vermont. he could have that factory in mexico and pay those people $3 an hour with no controls, no health care, no unions, but he keeps it in vermont. >> mr. sanders' tax plan includes what he believes will be 100 additional billion from corpo

ceo jeff immelt blunt in calling the oil and gas business challenging but said the aviation business was seeing sustained strength and health care was rebounding and we were seeing improvements in our business in china overall concluding there's plenty of business out there to achieve our goals. that's more positive than last quarter. even companies that have had a tough time are modestly more optimistic. caterpillar, it was not a good quarter, sales declines in all key businesses including construction and oil and gas, mining and rail. but. ceo overhellman came on our air and said, overall i think we're close to the bottom. for a company that has seen declining revenues since 2012, saying we are close to a bottom, that's a change in taupe. honeywell, earnings up 9% year over year, that's good. officials noted growth in the key aerospace category had accelerated in the current quarter. why were the stocks do slightly today? because the stocks have had a nice rally since the february bottom and they're expensive right now. what does all this mean for the markets? there's a change in t

. >> and jeff immelt taking on bernie sanders in an op ed of his own, saying "we create wealth and jobs instead of just calling for them in speeches". let's take dimon first. jpmorgan's jamie dimon warning increased volatility is likely to stay. he writes, "the good news is that the system is resilient enough to handle the volatility. the bad news is that we don't completely understand why this is happening." dimon discussed the bank's healthy balance sheet, showed some disappointment in the stock performance compared to the benchmark over the past decade on the heels of that "journal" op ed the other day. >> look, he talks about what the balance sheet really means. best line in the letter was, you can see in the table below that jpmorgan chase alone has enough loss absorbing resources to bear all the losses assumed by the 31 largest banks in the u.s. that's the good news. bad news, you know there was a thing called the whale. >> there was. >> and the whale was bad. and there was regulation in part because of this, in part because banks did things wrong, and that's completely overlooked

what jeff immelt said was important. we're in favor of comprehensive tax reform, even if it raises our tax rates. when you get people stepping up and saying that, that shows you, look, this is not just about me wanting to pay a lower tax return. this is about making sure the system is competitive and making sure we're able to do this in a global economy. let's get a check on the markets this morning. brian? >> let's look at the futures. as becky it would you earlier, indicating a down open right now. very early in the morning. the dow futures down about 80 points. s&p 500 futures downs about 11. let's look at the european markets as well. we are seeing a down trade there as well. in germany, the dax down about 0.3%. biggest drop is in italy, where we're seeing a 1% decline. still, declines across the board in europe. let's get a check on the asia markets now. we are seeing the hang seng up about 0.3%. the theme of the morning is not big moves. a little decline here, a little gain there. >> which is actually impressive. a

jeff immelt is a champion outsourcer.ation and the bush administration allowed the companies they liked to ma no lies. -- no monopolize. jpmorgan and the rest stuffed hillary clinton's pockets and barack obama's pockets with campaign contributions. charles: have a great weekend, guys. pope francis today said capitalists should look to their own consciences. the pope you can't predict... the market. but at t. rowe price, we can help guide your investments through good times and bad. for over 75 years, our clients have relied on us to bring our best thinking to their investments so in a variety of market conditions... you can feel confident... ...in our experience. call a t. rowe price retirement specialist or your advisor ...to see how we can help make the most of your retirement savings. t. rowe price. invest with confidence. you premium like clockwork. month after month. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insuranc

jeff immelt is a champion outsourcer.dministration and the bush administration allowed the companies they liked to ma no lies. -- no monopolize. jpmorgan and the rest stuffed hillary clinton's pockets and barack obama's pockets with campaign contributions. charles: have a great weekend, guys. pope francis today said capitalists should look to their own consciences. the pope and those changes next. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me

what did you make of bernie sanders calling out jeff immelt like that? >> jeff immelt is a big boy.can take it. factually i'm afraid mr. sanders doesn't have a throwing stand on. what i really want to emphasize, at the top here, the solution here is tax reform. what we have is high tax rates and thin base because ofeductho credits. if you want to grow the economy and create jobs, can we please have a competitive tax system with a 15% tax rate at all? >> ariel fishman, weigh in here. what did you make of what bernie sanders said and does he have the right message? >> i think the message is right, the solution is exactly the opposite. it is, in fact, a problem with our tax structure. right now, if i work for many years, i've accumulated a salary every year i pay taxes, but if a company works, they can just magically shift their identity to -- through a legal loophole to operating overseas and they don't pay any taxes. so i think that the challenge that sanders is trying to overcome is trying to identify how do we create a system where taxes are, in fact, paid by the very corporations

no company is perfect, but it's hardly an example of corporate greed at its worst, as jeff immelt said in a tell-all opinion post in "the washington post," ge has been in business for 124 years and we've never been a big year with socialists, end quote, but he continued -- we create wealth and jobs instead of calls them for speeches. he goss on to say -- we takes risks, inoy investigate and produce in ways that today sustain 125,000 u.s. jobs, including jobs? vermont, where sanders is from that employ 1,000 people. added bonus, he writes -- vermont as junior senator is always welcome to come by for a tour. he's never visited the plan. ge said it's paid billions, and accuse sanders of false accusation, and then says -- that does sound like the voice of a destroyer of moral sp fabric to me. people have watched this show for years and they know that. we need good, smart regulation, but it needs to be rational predictable, not ad hoc and not out of for nowhere and not adhoa adhome i nuit's terrific that u. steel stock has doubled is, thereby assuring it can raise money if it needs to. i li

ceo of ge jeff immelt is having none of it. we'll explain. >>> plus very disturbing video coming into us from greece. i want to warn you of that as we go to this right now. you see here a group of muslim men, angryigrants, who are threatening to throw this infant baby at the police, if ty try to relocate the migrant into regee centers. i was so disturbed by video i was hoping this was a doll. but it is not. the baby did wind up safwith the mother at d. horrible to se these are able-bodiemen that deert their country, refuse to defend it, treat women and children like this? u have a lot more coming up. first to breaking news. belgian authorities releasing new footage of man in white. after bombing of 32 innocents were slaughtered before walking around the city of brussels. our own ashley webster joins me with very latest. ashley, they still don't know who hes. >> no. belgian prosecutors call him the man in theat. they thought they knew who it was. ey got some tips. they arresested someone. it turned out not to be him it has been

of course, ge's jeff immelt writing in "the washington post" that senator sanders is wrong as well ase not paying taxes and ge not destroying the moral fabric of america. the debate continues to heat up, especially from the sanders campaign. >> it's not the only must listen or must watch clip from last night's debate. it was a fiery one, to say the least. >> yeah, what started off as a very genteel process on the democratic side has turned ugly in new york. we're approaching the top of the hour. that means the team is getting ready for "squawk box." joe kernen joins us from new york to continue the political theme. great interview for you guys today. >> we have senator cruz for an hour starting right at 8:00. i was listening to wilfred's comments on donald trump. it is a little bit -- it's interesting, guys, because his appeal has been his raw sort of break the mold outsider appeal. put that together with a little bit more policy. hired a couple veterans to try and help with that. put that together, and it's a little scary. we'll see whether just the sort of idea or presumption that h

he was sort of inspired by jeff immelt of ge who came out in "the washington post" against bernie sanders, bashing his company. senator sanders claims verizon doesn't use its profit to benefit america. again, a look at the facts says otherwise. in the last two years, verizon has invested some $35 billion in infrastructure. virtually all of its in the united states and paid out more than $16 billion in dividends to the millions of average americans who invest in our stock. he goes on to refute claims that sanders has made that verizon doesn't pay taxes, saying they've paid billions in taxes. these companies are finally speaking out, which shows on one hand that they consider bernie sanders a viable option as he continues to gain momentum. on the other, they're not going to take the criticism that bernie is lashing out at corporate america sitting down. >> indeed. another corporate fight back there. sara, great must reads today. let's get to joe kernen. "squawk box" team is getting ready. joe is joining us with a look at what's coming up. joe? >> i just have become -- watching the thousands

look, part of the reason that jeff immelt wrote that about bernie sanders, was the plant, he personallyderstand why bernie sanders has not come to visit the plant and perhaps make his own personal opinion about the plant and the numbers of workers. why hasn't he done that? >> he spends time at town hall meetings, i guarantee you he has met almost every single worker in that plant, he doesn't have to go there to talk to them. >> so you think he understands their situation and point of view without actually going and seeing the plant? >> yes, absolutely. the broader point bernie sanders made was that company after company has offshoring american jobs by moving things, out-sourcing things, shedding things to companies overseas, that is the reality. we have lost tons of manufacturing jobs, good paying jobs and it's really in a race to the bottom. >> so the ceo, bernie sanders mentioned is $58 million. do you guys take to away? what do you do? >> well, look, his taxes would go up. as you know, i don't know about immelt, but their taxes are going to go up. they're going to have to start to pa

earnings, i can't pretend that the valuation isn't somewhat stretched, but what happens if ceo jeff immeltbeen fabulous at extricating the company from its up-and-down financial business and making it a pure industry -- what happens if he decides to buy back a huge amount of stock? what if he gives a huge dividend boost? what happens if he follows the large share holder plan to bring out value? then i think $20 is doable for ge, especially if the dollar stays soft. >> buy, buy, buy! >> and that's not counting on china to come back any time soon. we want to buy more general electric for my charitian trust. it's too cheap, makes no sense to me. finally, there's facebook. no doubt, facebook's expensive. i'm going to give the guys who don't like it here, i'm going to give them that. sure, maybe there's a chance that it comes in for profit-taking when the company reports three weeks from now, but facebook's only up a little more than 7% for the year. and you know you can't value this stock on near-term earnings. you've got to think longer term. i think facebook could have as much as $6 in earni

and it does, as you just read there, go after the katherine ceo of general electric jeff immelt, going after his retirement package saying he needs to look into the mir row. he has been going after other major corporations. he has done so again and again, joe. given this back and forth, though, is this likely to help or hurt bernie sanders? >> i got to be honest with you, erin. going around the country, talking to people who support bernie sanders, a lot of people are attracted to him because of his anti-corporate, anti-big bang, anti-wall street stances. so as far as a lot of voters, bernie sanders is concerned, they say he is doing exactly what he is doing and what he should be doing when he is standing up to corporate interests and ceos like jeffrey immelt. >> all right, thank you very much, joe johns. >>> and "outfront" next, one prominent new york republican said he would jump off a bridge before he would support ted cruz. so if it comes down to cruz or clinton, who will we vote for? he is my guest next. >>> and jeanne moos hanging out with new york subway riders today. hey, we're

melissa: jeff immelt, who happens to employ thousands of people in the state bernie sanders represents. >> which is part of the argument he made in that statement. melissa: exactly. thanks a lot. david: the obama administration's new plan to arm syrian rebels is coming under fire. >> i don't know. everything bum's done has been lame and half-artsed. david: did he say what he saw he did. melissa: i fell off my chair in my office. war of words heating up between donald trump and ted cruz. why cruz is now comparing trump to fictional mobster kingpin. david: hillary clinton playing the blame game when it comes to the blame game. she has listen doorsment but will she keep it after this. [. this just got interesting. why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex do not take cialis if you take nitrates for chest pain, or adempas

you saw jeff immelt's thought -- you liked it, andrew. >> thought it was spectacular. >> letter to bernieelectorate. >> absolutely. >> joining us with more on the corporate push-back is dick kovacevich, former chairman and ceo of wells fargo, and john alison, former chairman and ceo of bb&t and former cato president and former professor of finance and leadership at wake forest. gentlemen, it's a populist environment i think on both sides of the aisle. there are some good reasons for it in terms of, you know, people not getting ahead like they think they should and a pretty anemic recovery, right, dick, over the past seven years? it's been the worst one in post world war history. >> absolutely right. >> yep. >> john alison, you're not surprised, but is there a way you could try to explain to people who are rightly angry that it's not just corporate america's fault? >> it's a difficult challenge. it's one of the things i was trying to do when i was at cato. it's actually government policy that's created this slow growth rate. as you mentioned, the federal reserve's action, i think, have rea

a guy like jeff immelt is a class act. to bring jobs back. do we have the e-mails drks did you find any e-mails for donny deutsch? >> yeah, there's a couple here. somebody says the completely nonlegendary donny deutsch. >> that's a reference to barnicle there. >> there's another one saying keeping the 60-something men young. >> i have one. i have one. >> ew. >> put it down. >> wait. wait. wait. >> take that down. take it down. >> this one says mika brzezinski secretly loves this. this is just the people speaking. the people speak. >> joe, before we go what's your fleece going to eat this weekend? >> so he had a blueberry for breakfast. look. >> nice. >> that does it for us this morning. >> you never know what lies beneath. steve kornacki. this mom didn't have time to worry about a cracked windshield. so she scheduled at safelite.com and with safelite's exclusive "on my way text" she knew exactly when i'd be there. so she didn't miss a single shot. (cheering crowd) i replaced her windshield... giving her more time for what

we had jeff immelt similarly responding to comments from sanders on the campaign trail.s it possible that these workers, you know, verizon has apparently been training their replacements to work on power lines and work at call centers. could they keep those replacements or what happens next year? >> when they -- i'm sorry, i had trouble hearing you, kelly. you're asking what would happen with the workers who are on strike? >> what happens next year for the time line, what happens for the workers on strike? >> well, again, until the strike is ended, they are not working. everything is staffed with the non-union workers at verizon. you know, something i want to go back to that you mentioned earlier about local mcadams, he was saying bernd is getting it wrong about verizon not paying its fair share of taxes which he defended the company with that. he also said that the verizon goes in and invests in the u.s. making capital investments to bring better service to clients as well. again, kelly, this is a reflection of what is happening in this presidential campaign. you have a

. >> how about jeff immelt's predecessor going out on a high note? of interesting to think about -- >> i'm reading between the lines there's maybe a subtle suggestion in there. i won't push you on it. >> i'm just saying, athletes go out an a high note. kobe bryant did that. derek jeter, wayne gretzky, pretty much. >> the lakers were the worst team -- >> i don't think that anybody thinks that kobe waited for the right moment. >> like jeter or gretzky. if you're going to make this illusion to the corporate world, i wonder -- >> you'll each have to pick in one word. it's funny when we talk about dimon's trade, he talked about this yesterday talking about an idea centered in the '90s when george zoros tried to hire him and made it clear whatever investments he may have in the blue chip companies, he's not shorting any for obvious reasons. so in a word -- >> everyone is a potential client, that would be the obvious question. >> partly that too. >> i would pick curry because think that the 73 wins will last a long time. >> i think you're right. that's a te

if you get somebody like ceo jeff immelt at ge saying this is better than it was three or four months ago that, could get you a 2% or 3% move on the upside. that can get you to new highs easily. here's its problem for the industrials. we have this big down turn in the markets. lower spending on energy and mining. all of these guy has trouble with these. the inventories built up. yet, people continued to buy these stocks because they have had modest growth. we have a slow growth, no growth world and people are buying them. the other big problem is they're very expensive right now. caterpillar is 22 times earnings. ge is at 20 times earnings. honeywell is at almost 18 times earnings. the s&p 500 is 17 times. might wonder why. because in a slow growth world, say anything about modest growth and investors will buy you. this happened today. look at illinois tool works. big industrial. they reported earnings a little better than expected. they beat. they raised guidance. the organic growth is measly 1% to 3%. look at this stock price. it's at historic high yesterday because investors are wi

. >> well, i don't know if you read jeff immelt's piece in the washington post. excuse my saucy language on a family show, but he appeared to be justifiably pissed off about bernie sanders saying ge has a problem with the moral fabric of america and goes on to say, actually, that the senator has never stopped by our aviation plant in rutland, vermont, where they employ more than a thousand people. ge is one of the biggest employers in vermont. senator sanders has been in congress for vermont since 1990 and yet he has never seen this institution or this business at work there employing people. do you find that as astounding as i do? >> if it weren't bernie sanders, i would find it astounding. my understanding is that until he was 40 years of age, and was elected mayor of the town in vermont, he had never had a full time paying job. i think that tells you a lot about how little he comprehends about how the real economy works. let's bring in bill george as well. he's joining us, former medtronnics ceo, former ceo, currently on the boards of big and well known compan

the rules for pfizer and aller gan and bernie sanders saying that ge was an amoral company and jeff immeltighting back. can you overdo this anti-business thing? >> don't be shocked that we'll agree with etch each other. you can overdo it but there is a distinction between corporate america and rest of business america. corporate america only provides like anywhere from 10 to 12% of tax revenue coming into the federal government. guess what the rest is? all individuals and individuals who own businesses. businesses small businesses, medium size businesses that employ millions and millions of people. those aren't bad people and not doing bad things. they are great things and contributing to the economy. it's fine to have a populist message and fine for trump to say apple needs to make computers in america. however, the reality is simple -- make apple computers here. >> is it fine for bernie sanders to say that ge is destroying the moral fabric of america? >> it's absolutely not okay to say that. i disagree vehemently that wall street is based on fraud. i don't think that is the case. do i th

these four included in the top five spots of earlier surveys, ge's jeff immelt coming in at number five philippe dauman who pulled over $54 million. viacom's $13 billion in revenue didn't put it in 100 largest companies. the smallest firm here pulled down $17 p1$17 billion in reven. let's look at those that had no pay change. they included alcoa's klaus kline feld. one ceo pulling down less pay, starbucks ceo how arld shultz. he took a 6% pay cut. as he usually does in the surveys, berkshire hathaway's warren buffett was at the bottom at 100. the compensation, $470,000, pocket change for a billionaire, i'd say. >> all right. mary, thank you very much. i'm going to pick it up. there you are! here i am. >> i was looking at brian. >> no worries. >> that's never a bad thing. >> no. so are american ceos overpaid and should the government step in to curb executive pay increases? let's bring in the former ceo of continental airlines and board member at sprint and produce -- p prudetial. gordon and heather, welcome. i don't think i'll have to do much to kindle a lively conversation. gordon, is

i want to read a quote from jeff immelt. a stronger ge is on track to meet investor goals for 2016. you say that things are getting simpler? 12.8 compares against different number. it was 14.5, and the 17% is for the year. the first quarter is also the lowest quarter in terms of margins. they can still make that 17%. vonnie: talk about the shift to digital. it announced today a partnership with oracle. bign: i think that is a deal. it is hard to move the needle on ge. it is growing at over 20%. we have done work on it with the software analyst, and he believes they are going to be a player. i do, too. funny cup we will keep an eye on that stock -- vonnie: we will keep an eye on that stock. david: we will get more earnings out. we are looking at mcdonald's and caterpillar. right now we want to turn it over to matt to get an update on where we are on earnings so far. ea,: if you take a look at 123 companies have reported. one of the changes is some energy companies have come out and reported. southwestern, and camera morgan are now out. down 51%. you probably expected energy to do poo

caterpillar and honeywell and ge on friday, and tyler, if any of these companies, particularly jeff immelt says on friday, you know, the global economy is looking better than we thought, we could easily hit new highs. tyler, only 300 points away on the dow industrials. >> bob, thank you very much. bop pavelec, boston private yet and team seymour cnbc contributor and gentlemen, welcome to both of you. tim, let me start by asking you, and i know you've been following. bob just mention the the importance of the industrials as catalyst or a catapult to higher numbers on the dow. what do you think. >> i think that's very opponent that you get cyclical involvement and rallied back and people understand that you have some grew and what's interesting is we're having a very interesting and, again, a very -- a doubted rally in the commodity space, the resource space. these stocks continue to move higher and the prices for the underlying spots and ingredients, whether it's iron ore or agriculture or wheat, you name it. we're actually seeing some rebound wlmpt it'sand whether i weaker dollar or real,

we ended up raising $240 million for all of the firefighters and police officers which included jeff immelturdoch and roger ailes and lots of other people. he can keep his money and burn it in hell. the reality, i don't need to know, but the american people need to know what was the role of the saudi arabian government in the attack. and my suspicion is i'm going to give you my suspicion. it was at a lower level, not at a higher level. but we're entitled to know that in order to assess it, particularly in light of this legislation about suing saudi arabia. because that will help us decide whether it is appropriate or it is not appropriate. >> well, let me tell you what's in the daily mail -- the lond"ln daily mail". the guy is being held at gitmo, he went from being a pilot, trained here. he was seen with the hijackers going to this report, and he become a bomb maker from al qaeda, eventually caught in pakistan. they have him linked with the saudi embassy in the u.s. >> they found a flight certificate in his possession and that was -- >> never, never should be released for the rest of his l

david cote at number four and jeff immelt of ge is in number five.phillipe dauman who pulled down $54 million didn't make a cut for this survey because it was not put in the largest so100 companies. warren buffett's compensation was $470,000. the cutoff for revenue for these companies, $20 billion. so viacomm had revenue of $13 billion. >> when you look at the list, it will tell you as far as total revenue and things like that. >> so does it measure revenues per share or revenue -- >> total shareholder. >> okay. is there anybody on the list that you go, okay, they really killed it this year. good for them. and is there anybody on the list where you go, this makes absolutely no sense. the philippe dauman may be an example. >> he would be one of them. i would have to go back and check. i know there are numbers. i apologize for not having the names at the top, but certainly there are some where you look at them and say, you're paying yourself 43% and your performance is down 43%. >> is that a lot of times because of stock awards granted previously or so

. >> add to that, willie, general electric chairman and ceo jeff immelt is joining the chorus of critics blasting bernie sanders for that interview with the "new york daily news." during the interview, sanders said ge is among the companies destroying the moral fabric of america by shutting down major plants in the u.s. and sending jobs to low wage countries. immelt responded yesterday with an on ned the washington which reads in part -- >> wow. >> ouch. >> david ignatius, that's scalding. i can tell you as a resident of a state that ran general electric because of prohibitive taxes and regulations, ge does have really good jobs with really good wages that any state in america would love to have. >> this is the manufacturer that bernie sanders has been dreaming would come more to america so for the head of it -- ouch. >> how many jobs did they send overseas, though? >> the one point i thought, joe and mika, about this whole flap is that the interview with bernie sanders by the "daily news," which started this whole thing, is a wonderful example of journal. they pins people down and the r

i think immelt's response was robust, compelling, he has a right to defend himself. he did it well. let's not miss the point. at the end of jeff'sg the point. i think jeff is also missing the point. the bernie sanders campaign, this is not just a democratic thing, it's on the republican side as well, is that the game is rigged against the little guy. when you have a company like ge who pays a fractional tax rate on overseas earnings that offshores 60% of their jobs, it's not illegal. it's a typical multinational practice but underscores the problem that all their profits they're making are not reaching the middle class. >> doug, it almost doesn't matter who's right. the problem is that it's escalating. with ideas like this out there, pop li populist frustration growing, where does it leave us? does it leave us vulnerable to other countries like china who are more supportive of their enterprises gaining on competition? >> no question about it. the rhetoric and the substance of u.s. policy has been aimed directly against the business community and it's hurting us and our ability to compete globally. it should be remembered when ge