ge ceo jeffrey immelt is firing back, defending his firm after harsh comments from bernie sanders. immelt writing in the post, bernie sanders says we're destroying the moral fabric of america. he is wrong. of course, this comes after sanders cited ge as an example of corporate greed at its worst. immelt writing ge has never been a big hit with socialists, saying it creates jobs and wealth here in the u.s., not overseas. he also responded to the tax dodging accusations. sanders has stated many times ge pays no taxes. repeating a lie over and over does not make it true. we pay billions in taxes. the u.s. tax system has not been updated in 30 years and isn't designed for today's economy, which is why we support comprehensive tax reform, even if it raises our tax rate. he says he sustains 125,000 jobs. generations and jen igeneration ge employees. if that's not the moral fabric of america, he doesn't know what is. >> do we think clear corporate attacks like that helps or hinders him? it plays. into his rhetoric a little bit. if goldman sachs came out and endorsed hillary clinton, then s

i thought jeffrey immelt had quite a strong response to bernie sanders. i wonder why. i get the income inequality discussion. he's deserving of a lot of credit for that. but would it kill bernie sanders every once in a while to use the word entrepreneurship and talk about the virtue? ge is not a small business. talk about the virtue of small businesses in the united states? he never says those sort of things. it's a disadvantage. >> the statement was they pay lots of taxes but they've never been popular with socialists. i'm paraphrasing. >> that's a good paraphrasing. >>> let's talk about the republicans. donald trump canceling his campaign trip to california saying, you know, i have to stay away from the campaign trail. so great to be in new york. catching up on many things. remember, i am still running a major business while i campaign and loving it. do you think it's bad for him to be away or good to remind people that he is a businessman? does this help him out? >> i don't believe he ever takes a day off. behind closed doors he's working a different strategy that's

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 opening up a second shop and we need some new signage. but can't spend a lot. well, we have low prices and a price match guarantee. scout's honor? low prices. pinky swear? low prices. eskimo kisses? how about a handshake? oh, alright... the lowest price. every time. staples. make more happen. in new york state, we believe tomorrow starts today. all across the state, the economy is growing, with creative new business incentives, the lowest taxes in decades, and new infrastructure for a new generation attracting the talent and companies of tomorrow. like in rochester, with world-class botox. and in buffalo, where medicine meets the future. let us help grow you

referring to jeffrey immelt of ge who released a statement of his own in recent few days as well. meantime hillary clinton released a statement siding with workers of verizon, she believes in power of collective bargaining. she says verizon should return back to the negotiating table. david, melissa. 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

francine: but i guess when you look at jeffrey m l -- jeffrey immelt's quote from today, when you createare in the business of creating jobs, then you can really make a difference. so this is a ceo saying, fine with the rhetoric, but go and see the real world. tom: one thing that bob profusek is expert at is creating a factory or creating a moment or industry or subsector, but the reality is that everything is at the margin. you have to go out with a marginal investment dollar and create the next job or the next 12 jobs. the people you are dealing with know that. they know that marginality. robert: that is the point i think he was trying to make. the political swirl this year with the presidential campaign is as if nobody is doing anything in the united states. he made an important point. they make jobs. is her high-paying jobs, and they do create growth in the economy -- these are high-paying jobs, and they do create growth in the economy. his point is correct. good,s. companies create high-paying jobs. valspar,win-williams, valspar is in indianapolis. they do not create good paying job

later but the theme of the day starting with the jeffrey immelt miss and shareholder letter.t there at all? maybe it's not priced into the markets but this realization that it's not exactly a business friendly climate, whether it's on the campaign trail, just rhetoric or treasury making moves this week? >> there's something in the air that's a little bit hostile to companies with very high profit margins. >> just say little bit. >> you've also have had this little uptick in the corporate layoff cycle. there's a sense out there that the payoff from the whole profit cycle went in one direction even though the job pictures looks really good. >> hiring has been very steady but seems relurk tant when it comes to big companies. i don't want to point to today's market action -- >> steve? >> i mean, obviously, you have to look long and hard to see a deal that the government is not getting involved in. but i think to mike's point, there's more to deal with deutsche bank and the 10-year collapsing and more to do with lack of global growth for today's tulg actual actions than the negati

starting with ge's ceo jeffrey immelt writing in the washington post a pretty fiery attack on bernied discussion with the new york daily news that ge is, quote, destroying the moral fabric of america. immelt said we have never been a big hit with socialists because we create wealth and jobs. he said we sustain 125,000 jobs, sanders has never come to a vermont plant and he says there are generations of americans within families that work within ge. on taxes immelt says sanders had stated many times that ge pays no taxes. repeating a lie over and over does not make it true. we pay billions in taxes including federal, state and local taxes. so immelt firing back on sanders. another interesting op ed from a corporate executive the ceo and chairman of pfizer going against what the treasury did this week. the u.s. treasury department announced in you rules that crack down on inversions where american companies can buy other companies to redomicile and not have to pay the high u.s. corporate tax rate. the treasury cracked down this week and broke up a $160 billion deal between pfizer and al