so i agree i can't believe, david, you're really coming up no >> who do you have >> jeff immelt there he is. >> old boss. >> yes >> spac? >> no, no, no, new book, jim new book >> yeah. >> wow >> former ge ceo. >> we will listen to some of that sound, david sits down with immelt and we will get a look at that when we come back from a break. don't go away. we started with computers. we didn't stop at computers. we didn't stop at storage or cloud. we kept going. working with our customers to enable the kind of technology that can guide an astronaut back to safety. and help make a hospital come to you, instead of you going to it. so when it comes to your business, you know we'll stop at nothing. >>> welcome back, carl mentioned, a chance to sit down with the former chairman and ceo of ge, jeff immelt, coming out with a new book tomorrow but doing a lot of interviews around it, and he's willing to, well, entertain a lot of questions about his tenure, one of which as we well know, the stock price suffered as along with many long-term investors in ge. we sat down for roughly an hour. we're g

jeff immelt's legacy is a dubious one.will be remembered as the ceo who wrecked an iconic american company, general electric. immelt is out with the book and tells his side of the story in an exclusive interview with erik schatzker. >> there isn't a day that i don't think about the company. there is a sense i have that if i let people down, that wears on me. did all the decisions work? no, they didn't. what could anybody try harder love the company more or been have been more purposeful about the company than me? i don't think so. karina: that is your "business flash." alix: thanks so much, karina. one of the things we want to watch in the market is bitcoin. elon musk tweeting "do seem high. lol." guy: his influence on the market is amazing. he is the swing factor. amazing, the influence he has. compare it to janet yellen, treasury secretary, out with comments -- bitcoin is highly speculative and people should beware. bitcoin is used for illicit finance, it is inefficient. that is a damming indictment of bitcoin from janet

also, cnbc talked to former ceo jeff immelt and here's what he had to say about this company. >> i think about the company every day. i say in the book, i know some feel like i've let them down every day i will think about that and again, i just want people to know that we didn't get it all right, but the team always tried our best to build a great company. that's all i can say i understand and it weighs on me and i think about it, but i also want to say that there wasn't one thing i could think of to try harder for the company and the people >> maybe not try harder but some investors who are disappointed with ge's fall from grace so to speak might have pointed to acquisitions done at prices too high, sales that were done at prices too low the past is the past and what do you do with ge right now >> i like jeff immelt, a fan of the show and friend of ours and it was a difficult time for the company. the power acquisition in france was a disaster the upgrades are coming on the back backs of aviation and one of the stronger businesses, decimated on some level, very solid business the free

jeff ml's legacy -- jeff emails's legacy is a duty -- jeff immelt's legacy is a dubious one. s out with a book and tells his side of the story in an exclusive interview with erik schatzker. jeff: there isn't a day that doesn't go by that i don't think about the company. there is a sense i have that if i let people down, that wears on me. did all my decisions work? no, they didn't. what anybody have tried harder or loved becoming anymore or been more purposeful about the company that me? i don't think so. karina: his book is called "hot seat." that is the "his new/.-- "bus iness flash." guy: travel is the best-performing sector and pubs are strong this afternoon on the back of the u.k. news. this is bloomberg. ♪ guy: wrapping up the monday session in europe, stocks have been climbing act up. asia, particularly the chinese market, is having a tough start for the week that is handed over into your. the major markets are looking more robust. the other story we've been watching quite carefully has been what's been happening with the bond market. that's an interesting narrative. chr

"hot seat," jeff immelt, as always, thank you. clicking on the 50 over 50 tab. they've received thousands of submissions and the tedline is coming up this monday. so log on and nominate someone or even yourself now, and that does it for us this morning, stephanie ruhle picks up our coverage right now. >> hi there, i'm stephanie ruhle live at msnbc headquarters here in new york city. it is thursday, february 25th, let's get smarter, in just one hour from now the third of three consecutive hearings on the january 6th insurrection gets under way at the capitol. but this time we'll hear from the people trying to defend against the next attack, the acting chief of capitol police and the acting house sergeant-at-arms. in her opening statement acting chief pitman is expected to say they plan to retrain officers, and streamline intelligence sharing but she's also going to defend her department insisting they did beef up security ahead of the 6th but that intelligence briefings did not identify a specific credible threat that pointed to suc

♪ >>> 36 minutes left of trading former ge ceo jeff immelt is speaking bout his time at the helm of theecord navigating everything from the post september environment to the financial crisis david faber spoke with immelt earlier and joins us now with more from the interview. >> when you talk track record people can't help but look at the performance of the stock price that does not tell the whole story. we all know there is so much more but that is in fact where a lot of people sort of stop and they say, well, it didn't really work out, did it? you know this. at 30 rock i made this point to mr. immelt i would get stopped by longtime employees of the company and they say what do i do i had a stock worth 40, $50 a share that i believed would be there as a bedrock for my retirement with an important dividend and now it is 11, 10, $8 a share. it is heart breaking i did ask mr. immelt to respond to those kinds of stories when he hears them. >> i think about the company every day. i say in the book i know some feel like i let them down. every day i will think about that again, i just want peo

one interesting note, liz, jeff immelt, the longtime ceo, worked at a unit of ge back in the bay hasg his side of the story, there's been two ceos, at least one ceo left, his replacement was larry cult, as you know. and he has a book trying to give his side of the story. what's interesting in this book, there's a section where he says he knew his days were numbered and that nelson peltz, the activist investor, was going. to target him to get rid of him because he watched our reports on fox business. so i guess i could say, liz, congratulations to you. and me. back to you. liz: that's right. that's right. we are that wall street hour. they like you. kind of hate me but -- no, i'm kidding, they hate me and like you. i'm just kidding. [laughter] charlie, thank you. thank you very much, my dear. reddit, robinhood panel, that's coming up. charlie just talked about news he's gotten on that. in the meantime, shop pie tapping the brakes on its electrifying 2020 run, down as much as 6% earlier today, it's lower by 3.9% right now. shopify warning it could see slower revenue growth in the comin

learn from and i wanted to share that as well. >> you can watch much more of david's interview with jeff immeltak, the road back to prosperity for new york city as vaccinations pick up we'll ask new york city mayoral candidate ray mcguire what the fey apple needs and what cit li is like stay tuned, you're watching "squawk" on cnbc ♪ ♪ ♪ ♪ ♪ ♪ we see temperature control software giving everyone a shot at vital vaccines. at emerson, our software is shepherding medicines through every step of the cold chain, helping track conditions to keep each dose safe and effective. emerson. consider it solved. so you're a small business, to keep each dose safe and effective. or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >>> welcome back to "squawk box

and that's what it reflected >> jeff immelt, again, talking about his book and going over some of those, guys. >>> not huge swings this morning in the indices, but we do have travel and leisure leading, home builders lagging, let's get to rick santelli. hey, rick. >> good morning, carl. interesting to say the least as we see everything has gone hot in the treasury complex. you know, we could pick a number of reasons why interest rates are doing what they're doing but i think let's make it easy, the strength from home world is opening up and treasurys seem to be the window into that as of late look at intra-day 10s. 1.41, 1.42, as high as 1.43, intra-day 1.30 a whisker under 2.10 excuse me, 2.27. and it has been as high as 2.29. boom deals boon deals boon deals under minus 30 guns hot as well and it doesn't stop there. look at the sovereign paperwork across the globe look at what is going on in ten-year guilds hovering around 80 basis points. and by the way, ten years here are a little over, right around a one-year high-ish, february, we're going to january, but we comped even further ba

a lot of people looked at jeff immelt, you haven't really performed.nt. part of me wonders if that is the situation. i suspect innovator of cloud services at amazon is the right guy to lead going forward. is a bezos leaving at time valuations are tip tiptop so something investors need to watch. stuart: david, come back please. breaking in here. we have information, data, i should say on the manufacturing sector. it is the ism, no the non-manufacturing sector. what is the number, please, ashley? ashley: that is the services sector, very important, coming in at 58.7 for january, much better than expected. it was 56.8 was the estimate. also beats what was a stronger than expected december. this is a good sign for the economy, stu. services accounts for about close to 70% of gdp. so some encouraging numbers from the services sector. stuart: no immediate response on the market. the dow still down just a fraction, 26 points. nasdaq holding to a gain 3/4 of 1% gain. ashley, thank you very much indeed. now this. >>> anyone who has built up their savings and in