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ge ceo john flannery will be joining the gang later this morning. it is a cnbc exclusive it is at 10:30 a.m. eastern. it will recap some of the ge news this morning. he will be talking about all of it ge is selling 20% of its health care unit and distribute the rest to shareholders plans to exits its baker hughes stake over the next two to three years and will maintain its current dividends policy through the completion of the health care separation. at that time dividends policy will be evaluated for both ge and the new standalone health care business. ge says it is on a clear path to cut its debt level by $25 billion. >>> other big story in the last week, what is going on with oil following the opec decision to increase production. joining us now, matt smith fr director of commodity research bren hey, matt. what is the bottom line now that we've had a couple of days to digest opec? i call it opec math. they will raise production, but that actually means not as much oil as people thought. it is very confusing what will it mean for the price, 68 for

definitely been an overhang on the stocks for months now and certainly something that john flannery discussedcall and on the air, that they're looking at how they can bring that down, scale that down, potentially eliminate it how would you anticipate that process to go? >> i think what they're doing right now, obviously, is just focused on short-term tactical execution. what they're not doing necessarily is linking those core assets that ge has that are not corporate. we think of assets, we're thinking health care, baker hughes we're thinking large corporate what we need to be doing is getting more dpranlar and think of business opportunities and business units that actually allow them to re-enter an industrial sales-oriented approach that builds that long forgotten heavy days of the dividends that used to be what made this so attractive. i think there is a way back. i just don't think that, you know, it's too early to say. are we going to get there or not? >> before we let you go, where do you see the stock trading you talk about a bull case where do you see it going? >> i think we're very s

as much as john flannery is trying to turn it around it's more of a battleship. there are a lot of divisions that are leaky i think john will try to fix things and it can be fixable but i understand that the balance sheet not as great as i'd like it to be steve says the dividend has to be cut >> we're at a 52-week low. do you think the worst is over there might be problems to be dealt with, jim. the stock was put in the bottom well before that do you think that we are close to it? >> i do, mellissa. i think when oil and gas was going back up. i thought there was a lot of option the power division is the black home, long-term care, they tell me they've got their arms around it. there are pension issues do they need to cut the dividend again? they have not said that's necessary. however, there was a convoluted conference call, it seemed like it was on the table. but to go against steve here is a big thing. j.p. morgan's guy. i'm sure he recognizes this guy have very, very powerful until he goes into the hole, i am willing to still e sell the stock. she that good. he

we are expecting an update from john flannery in the next few months.e something there that is a little more interesting. julie: thank you, we appreciate it. chief brexit.'s negotiator says the proposal for avoiding a hard border with northern ireland cannot apply to the rest of the u.k. we are expecting to see prime minister may in a few moments at the g7 in canada as we await the official welcoming ceremony. president trump is the late arrival. he should be arriving any moment. with, i the country suppose a minor victory, whatever you want to call it. yesterday, but barnier has spoken out today and given a little olive branch. he has not been totally dismissive. talks will continue. it could be worse. >>ux absolutely. it was interesting to watch because it sounded pretty harsh downed he seemed to shut all the compromises and said none of this would be possible. when he stepped down, he quickly sent a tweet. maybe somebody told him he sounded harsh. he sent a tweet saying crucially, talks continue. we are not at a complete stalemate. both sides are tel

john flannery has made clear that he will be ruthless in selling off the visions that he feels no longer serve the sprawling company investors are still waiting to hear the details of a major overhaul restructuring promised by mr flannery above and beyond the previously announced sell off the c.e.o. who has spent thirty years with the company insists all options to restore profitability are on the table as we reported here it will be delisted from the thirty stocks that comprise the dow jones industrial average today is officially the last day in that club. the u.s. house of representatives has passed legislate. to scale back nutrition assistance to less fortunate americans as part of a massive new farm bill the legislation is a long way to go it has not yet been considered by the us senate all that may occur in the coming days but the passage in the house is particularly significant in that it was not a bipartisan bill with both republicans and democrats supporting it that usually takes place the reason stems from the controversial provision related to changes in what is called the supp

has ceo john flannery finally managed to find a tension between the two? bloomberg. ♪ trimming its keeps business, which is part of ceo john flannery's plan to reshape the company. joining us now for analysis is brooke sutherland, bloomberg analysis reporter. people are saying, what is taking you so long, john? is he finally getting their? ooke: this is the big one. this is the breakup announcement everyone has been waiting for. for me, this is a sign that he finally figured out how to balance the ge of old with the ge of new he wants to create. for 30-plusthere years, was he willing to get radical, do some of these changes in the portfolio that i think need to be done for ge to be successful moving forward? this is a significant step in the right direction, i think. this is not a magic fix. shares are rising in the premarket but they are still way below before flannery took over. ge still has a long road ahead of it in terms of getting its power business back on track, improving cash flow generation, dealing with issues at ge capital. this is a significan

john flannery stepped in and he has an unbelievably challenging task to get profitability up and cash that will and big challenge. he had to cut the dividend in half. he put several businesses -- he talked about $20 billion of disposition on the table. he's anticipating while those companies generated cash, he'll get five to six times more cash by disposition to fund pension liabilities, dividend and reinvestment in businesses. it's a tall order to dig yourself out of the trench. maria: are these the right moves? i think along the way as they were selling industry, you were thinking why are they selling this business? why are they selling this industry? is is the right move to keep accepting off assets? >> i'm not sure he has an alternative for that. con grom rats seem to be out -- conglomerates seem to be out of favor. seeing the benefits of the various businesses where you have different businesses and jack was a master at that. so i think conglomerates boil down to the ability for management, the board, to effectively run those. if you don't have industrial experience, if you don't

so earlier today, on squawk on the street, john flannery, who has been at the helm just shy of a year, saying that this process and this announcement which investors have been looking for for months now, is very personal to him >> i share in every sense the pain, if you will. you know, my life savings is in the stock. so i have the same sort of connection to the issue. the second thing i would say is we have gone through a tough patch. we faced into the issues we're dealing with the issues. we have a plan, we know where we are. we're realistic about that we know where we want to go with the portfolio, with the balance sheet, with how we run the company, and we know exactly how to get there, and stay tuned for the ride here. >> now, david faber also asked john flannery if this is it, if there are any more surprises that could be coming out of ge, something that we have seen in terms of news announcements in recent months that has helped push the stock down by half over the past 12 months he said we're done yes, we're done. no more, iuess you could s skeletons coming out of the closet,

that's the vision unveiled by general electric ceo and chairman john flannery today. >> we laid outka a p of $60 billion of potentiallur sources. 25 goes to the deleveraging. thats lea immense amount of surpl surplus, if you will, to deal with leverage and risk going ourward or --know, so i looked carefully at the balance sheet. it's clear we know how to get to the endoint and how we're going to do it and we have think so, you know, i when we spend some time with people, they'll see that. >> reporter: the plan,shab eli viation power and renewable energy. that means spinning off ge's health care business as a standalone compan a process expected to take up to a year and a half to complete it also means exiting the majority share o baker hughes. that, too, could take up to three years. flannery believes the moves will unlock shareholder vndue ensure finances for a company that's seen the didends slash. >> i share in every sense the pain, if you will. you know, my -- my fe's savings is in the stock so i have the same sort of connection to the esue. econd thing i would say is we've gone t

with john flannery in charge its once coveteden divhas been cut in half. no wonder the company barely shrugged when its impending removal from the dow was announced. ge's statement says we're focused on t executing again plan we've laid out to improve ge's perfmance. it doe nothing to change those commitments or our focus in creatingro er, simpler ge. icons like gm and aoa have left the dow and survived. now investors wonder if ge can find a way to bring itself back life. >> while now that general electric has been removed from the dow, let's talk about whether that iajorex is still as representative of the u.s. economy as i oncewas. we're joined by david blitzer andhaman of the s&p dow jones indisease. it's great to see you today. >> goodafternoon. >> can you tell me what's behind the change? why walgreens? >> well, our change is based on what we feel the index needs and how we wil t make index even better and more representative of the u.s. markets and the u.s. econy, so t change is not about general electric. looking at the index, it is with ge, where i

john flannery has made clear that he will be ruthless in selling off the visions that he feels no longer serve the sprawling company investors are still waiting to hear the details of a major overhaul restructuring promised by mr flannery above and beyond the previously announced sell off the c.e.o. who has spent thirty years with the company insists all options to restore profitability are on the table as we reported here g.e. will be delisted from the thirty stocks that comprise the dow jones industrial average today is officially the last day in that club. the u.s. house of representatives has passed legislation to scale back nutrition assistance to less fortunate americans as part of a massive new farm bill the legislation has a long way to go it has not yet been considered by the u.s. senate all that may occur in the coming days. the passage in the house is particularly significant in that it was not a bipartisan bill with both republicans and democrats supporting it usually takes place the reason stems from the controversial provision related to changes in what is called the supple

and joining me now is jennifer rogers and john flannery, a former assistant u.s. attorney for the southern district of new york. and joining us by phone is josh campbell, a former fbi agent. we have the right folks assembled here. you said the investigation would have to go to the highest levels of a doj. explain why and who would have to approve this. >> that's right, don. so you have to be familiar with these leak investigations, how they work within the fbi and obviously as the fbi conducts these investigations on behalf of these multiple agencies that informally handle classified information. there are two issues at play. the first is you appear to have a staffer in the intelligence committee who was allegedly providing information that shouldn't have been disclosed to those who were not authorize today have it. in this case being the media. the second issue being the fact this actually involves the journalist. inside the fbi and the department of justice there's a certain category of investigation that's deemed a sensitive investigative matter, and these are

john flannery views this as an opportunity to change the narrative in terms of the with the company communicatesith investors. when you think about it health care business, it has been a starved for capital and attention within ge, and people ignore the fact that that is actually a good business. margins are increasing and revenue is growing, cash flow is great, but it is hard to get excited about that when your power earnings are dropping off a cliff. dividends potentially getting cut, nobody really cares. now you have this business, standalone where it could make acquisitions and invest in organic growth. that will be exciting for investors. >> the trump administration taking a softer than expected approach to trade, i guess harshest measures on chinese investment. how does that contrast with what we expected? >> president trump and sydney -- senior administration officials saying that they are getting behind bipartisan legislation on capitol hill that would expand of the committee on foreign investment in the united states, or cifius. what it does is expand the committee to allow them to inve

john flannery stepped in and he has an unbelievably challenging task to get profitability up and cash that will and big challenge. he had to cut the dividend in half. he put several businesses -- he talked about $20 billion of disposition on the table. he's anticipating while those companies generated cash, he'll get five to six times more cash by disposition to fund pension liabilities, dividend and reinvestment in businesses. it's a tall order to dig yourself out of the trench. maria: are these the right moves? i think along the way as they were selling industry, you were thinking why are they selling this business? why are they selling this industry? is is the right move to keep accepting off assets? >> i'm not sure he has an alternative for that. con grom rats seem to be out -- conglomerates seem to be out of favor. seeing the benefits of the various businesses where you have different businesses and jack was a master at that. so i think conglomerates boil down to the ability for management, the board, to effectively run those. if you don't have industrial experience, if you don't

john flannery putting into place.e premarket, but cut in half we should say so far in 2018. >> after 122 years, what a story that company is. coming up in the trade were tensions, defense secretary james mattis has arrived in china and rising tensions over not just the growing economic influence, but military influence as well. tech stocks were hammered yesterday. we've been telling you about worries of trade restrictions that the nasdaq down over 2% with the selloff overdone. let's take a look at your u.s. stock index futures right now could the toppling could the dow plaintiff and 16, now negative. the s&p 500 down almost two in the nasdaq down to. you are watching the "fbn:am." ♪ ♪ ♪ build and run apps anywhere you like, while keeping your competitors at bay. the ibm cloud. the cloud for smarter business. cheryl: now after yesterday's 320 appliance fell upon the dow, we are looking at another red card at this point hero thing. we've been going back and forth between negative and positive today. the dow was down 22

>> this day long and coming for ge john flannery, his board of directors, from 18 to 12 members. ey have been thinking for a long time about how they wanted this company to look as mr. flannery runs it into the future today, we got that answer. health care is the name in the portfolio that is going to be pushed out it's going to be a modernization of roughly 20%, and 80% is spun or split off to shareholders and the health care business will be its own entity it takes with it about $18 billion in debt, pension liabilities, a business with a $19 billion revenue run rate, earnings per share, if you call them that, not earnings per share yet, but earnings that are double digits, low double digits, so it might be -- well, let's call it value to somewhere between 14 to 15 times, giving it, they hope, an overall value of $60 billion to $70 billion for perspective for people the $18 billion in debt, too, remember this was the big announcement today, but not the only one. there's a plan, as well, to exit the 62% of baker hughes, a ge company that ge currently owns that will also take place

joined by two federal prosecutors, john flannery and meme roka. john, what does it mean to say he is cooperating and handed over stuff. >> sounds and feels like he's still shaving points. you had him going to save shells in the indian ocean, happened to meet a well connected, wealthy russian who would help set up a connection between the putin people and the trump people. and now he's denying that's not what it was about. and he originally made statements saying he was just surprised when he arrived in this glorious spot in the indian ocean when in fact we now know that he knew about it beforehand, and he asked for the meeting. not everybody cooperates fully. >> he is a liar. you think he is a liar. >> i think he's a liar, yeah. i can't believe him. it is hard to believe any of these people, you know. there was a comedian that would come on, tell a story, be confronted, well, yes, and then would tell another lie. these guys fit that comic model. >> and paul manafort trying to get out of jail means what? >> i don't think it means he is getting out o

john flannery was adamant that these businesses fit together. to have to prove that out. there's a lot of people that would argue that may be aviation does not necessarily have to be lumped with power and with the gas turbine business. it is on him to follow through with the 500 million in additional cost cuts he is talking about. he talked of victim about this new operating system, rethinking of the way ge will run its businesses. the double -- the devil is in the details. i think that remains a question mark for me. i struggle to see how you don't take a goodwill write-down on that. i am anticipating that ge does an annual impairment test in the third quarter. i would not be surprised to see some sort of write-down them. julia: did you ask him? brooke: i did not about that specifics. they have these joint centers with awesome. they had to buy out also's steaks. i can't see ge justifying further investment in those joint ventures which is on the grid business and renewable energy and nuclear. that does not really strike me as a primary source o

to highlight today's pop a five point 7%, the best day for ge since april 2015 on the news that john flannery is making good on his promise to streamline the iconic american company. they are exiting the health care and oil businesses and will be focusing on power, renewable energy, and jet engines. investors are probably liking this move. up, despite the increase in saudi arabia and oil production. coming up, president trump signed an executive order on family separations at the border, but it has done little to calm the public outrage. from new york, this is bloomberg. ♪ ♪ "bloombergis markets: balance of power." i am lisa abramowicz. david: i am david westin. : president trump is calling today's supreme court decision " a tremendous victory and a moment of profound vindication." justices upheld his ban on travel from mostly muslim countries, rejecting a challenge that it discriminated against muslims and exceeded his authority. chief justice john roberts wrote the authority -- the opinion, writine substantial -- the --sident has power to justice sotomayor said history will not look kindly

so we'll see if it can rebound >> and this is of course a part of ceo john flannery's year long strategicw we're seeing the stock pop around 1.6% on the news. >> and i would expect to pop i think the idea that there was value trapped inside of ge was pretty uncontroversial, but it was not clear what the time table was for trying to realize that i don't think health care is really a turnaround story. it is much more about is a spin over better than a potential sale or can you just hang on to it because it is a decent earner you will have the aerospace business, the power business which has been an issue for a while because they did also -- they have sold pieces of the industrial unit away just this week we heard they sold a big commercial engine business >> we'll see if it unlocks shareholder value. let's stick are ge -- >> and it is happening on an interesting momentous day. ge certainly the end of an era in another way which is that ge is no longer part of the dow jones industry average as of today. this decision was made last week of course. gmpt e will b ge will bed by walgreen's >> en

reportedly beat out an ink in is a step towards ceo john flannery's to sell off $20 billion worth of assets by the end of the year. at&t was interested in acquiring another company before pursuing time warner. >> reportedly expressed interest before buying time. the news reported by fox business charlie gasparino. according to people in on the deal, cbs turned down the idea of a buyout after meeting with at&t's randall and said she wasn't interested after the meeting. stefansson made the move to bid for time warner. redstone kept the chairman out of duluth about the potential offer and was not happy she had kept the company executives out of the loop. y type of deal that came out. cbs is known about to gain control from redstone and national amusements arguing redstone has passed up on deals that could have been beneficial to cbs shareholders. >> a brutal fight to watch between the company. jurassic world likes it with entertainment taken the top spot over the weekend. they didn't do as good as dead. >> no, jurassic world following tenet didn't rise to record highs in the box office

stocks are having its best days in three years ceo john flannery speaking with cnbc david faber is here, big day for stocks >> yes, have not seen a day like this also, of course the plan to sell at 62% and roughly stake in baker use as well overtime could be 2.5 to three years before they get rid of all of it. the focus on the balance sheets, significant plan to cut debt by $25 billion the next couple of years and reduce the company's leverage ratio of two below. all that you can see today as sara referenced is at least investors are happeny to hear. and also wonder whether i am part of something having to do with aviation or a split there that clearly was not the case. the company is now powered which is turn around aviation and crown jewels and renewable the ceo says it will fit very well together. he made it clear earlier today that there is not going to be another spin >> are you done? is this it >> we are finished >> is this the g.e. that we'll be sitting here and talking about two years from now >> absolutely. part of the analysis is inside these businesses have a lot of commonali

slashed dividend last november by 50% to 12 cents a share yielding 3.8% for stockholders, ceo john flannery confirming ge will be, quote, adjusting dividend to be more in line with industrial peers after the spin-off of its health care unit. and had you been watching us last month you would have seen the writing on the wall. charlie gasparino reporting right here on "countdown" that ge's dividend could pick up further or done away with completely. >> what people inside ge are telling me, the talk inside is that there's a further cut to the dividend to make up this difference because there's not enough stuff he can sell to make up 20 billion or possible elimination. they are talking about that internally. ashley: the man is connected, is he not? charlie gasparino with despite the news has investors energized. shares are currently up a buck at $13.86, that is the best performer in the s&p 500. who needs the dow, right? >>> breaking news in the world of cryptoafter banning ads from social media, reversing costs, easing the cost on certain cryptocurrency ads from preapproved advertisers. the te

this is part of the long-term strategy unveiled by ceo and chairman john flannery today to turn around struggling industrial company. >> ever since the pain my life savings is in the stock so i have the same sort of connection to the issue. the second thing is we've gone through a tough patch. we've faced into the issues. we're dealing with the issues. we have a plan we know where we want to go stay tuned if for ride here. >> how he plans to get there, health care becomes stand alone. that's the process that will take 12 to 18 months, going the exit baker hughes over the next two to three years remember, ge merged its oil and gas unit last year, similar deal under way at transportation right now as well. the results, a quote simpler stronger ge. one that is focused on aviation, power, renewable energy which flannery's bet willing unlock value for areas like health care but help shore up the balance sheet. investors have been looking that the for months this is the reason the day ended up 8% but i caution it will take time many details are still unknown, particularly around ge capital a

business, a more dramatic step in the slim down being clamored for from investors on the part of ceo john flannery. we just heard about lennar from joe. the company talking about some of its challenges, but at the same time, second-quarter revenue beating the highest estimates. we talked yesterday about netflix, and its decline of about 7%, as it was sort of the poster child for the fang selloff. well, bouncing back. another new bowl on netflix. stephan miller initiates the stock at an outperform. the street -- on $503 a share. he says there's no competition for the content available at the price point it offers. finally, we saw intel shares on the decline. he got a downgrade over at bernstein. we will be talking a little bit -- excuse me,how it was not specifically from tony, but from his colleague, but we will be talking with tony broadly later in the show. the stock getting downgrade to underperform from market perform. joe: let's take a look at the government bond market. nothing going on there basically. i could just skip right over that basically. yield flat on the day. much more actn, howev

let's bring in our former federal prosecutor for the southern district of new york, john flannery, andnal security analyst and former fbi assistant director for counterintelligence, frank agluzzi. frank, the question that is being put out there right now is what is it that might concern freedom of press in this particular story? what's your thought? >> it's the methodology that was used here that has everybody's attention. that means that traditionally leak investigations are conducted with attempting to fully respect and preserve freedom of the press. that means you target the leaker, but not necessarily the reporter. what we see in this case, richard, is a vacuuming up of this reporter's phone records, electronic communications, for a year or more, and that means that the department of justice may now have source information and who she's working, informants, sources, well beyond this case. and that -- that's sending a chilling effect. we need to watch this closely. it looks like a shot across the bow to journalists saying we may be targeting you, as well. >> john, are there any guar

. >> has it been that long >> believe it or not, it's been about a year with john flannery.still need to cut the dividend if they want to maintain the leverage ratio. a very negative piece about ge >> when you say surprisingly, you mean not surprisingly. >> not surprising at all what was surprising is he waited until monday we all could have used this piece friday. >> what's on "mad"onig >> stanley bergman the company is not doing well. people are worried about amazon. >> amazon moving in? >> yes, first quarter wasn't so good and geoff ballotti, wh why? because it's trading at a discount to the other hotel, your franchise companies >> they have 53 million people in an awards program i'm not one of them. that's got to change >> that's a lot of people. >> plus $17 million from la quinta >> never tired of saying that. >> la quinta >> makes you happy >> have a good show. have a good day. see you back here tomorrow >>> coming up, a lot more from carl he is in chicago he interviewed steve easterbrook. also more on the new mcdonald's. keep it here well, it's earnings season once ag

. >> right he wanted to know nelson was saying, you know, john flannery didn't know that it was kinddon't want to use the word "hidden" because that implies a different level of involvement. >> but $22 billion, wasn't it? >> the $15 was -- >> i see. >> did peltz take any responsibility for what has been a horrible investment? >> i didn't go there i guess i should have said -- what am i supposed to say? >> i don't know. it was one of the most highest profiles ever made it hasn't worked. >> what he said if he knew all the information, it would have been a different story because he wasn't in the board room. he didn't know about the $15 billion. the missing $15 billion that the athena health chairman he thinks knew he thinks that the auditors knew but didn't think it was going to -- he thought it was out there and disclosed. it was a very sobering. >> break up shares of athena health >> what are you even talking about? >> i wanted paul singer to go to at the end. >> that's lightning fast control. one of the big things has been record highs for tjx and nike. >> oh, my! >> the retailers e

. >> the predecessor to john flannery. >> correct he's been busy but no shortage of things for them to try to figure out over there as they deal, as well, with the desire for a shareholder to buy the company and whether or not there are other buyers out there. >> and that's not -- they have more -- they have more companies. i know the research. they are capable certainly of buying this. they're not short turn arounds. >> he's been appointed executive chair. mark levine a cfo will assume greater day-to-day board activities. >> this is shocking. let's say it it's shocking. this is his company. >> it is. >> it's his company. >> not your company. >> not anymore doesn't have the votes got to have the votes. >> what do you mean the votes? >> say again. >> what do you mean? >> he didn't have the voting control. >> do you agree with me it was his company if. >> yes. >> did you read his book >> no, i did not >> i agreed he was the driving force behind this company, yes. >> yes. >> but that doesn't mean that you're going to stay on. starbucks was howard schultz's company but he's going to -- >>

parts of general electric's troubled long-term care flurns business now, it is a business that ceo john flannery tuesday that the company is aggressively working on actions and alternatives to mitigate and reduce or eliminate exposure to this business. general electric shares up fractionally by around 0.4%. back to you. >> thank you seema mody >>> and a big day at the supreme court. dealing a blow in the latest decision and then just as anthony kennedy announcing his retirement just a few hours ago. eamon javers joins us with more. eamon? >> yeah, kelly that's right it caught a lot of us by surprise we were at the supreme court this morning for the janice versus afscme ruling which was that blow to unions. the decision from the supreme court siding with mark janice, the plaintiff in that case who said he didn't want to pay union dues as a municipal employee even though afscme was allowed to collect them from non-union members who were employees there. the supreme courts now saying that ultimate public employee unions will not have the ability to collect dues from non-union members. that is seen

posted a $10 billion loss in the fourth quarter and cut dividends, cut jobs, cut costs and ceo john flannery in the midst of a complete turnaround and vowed to sell $20 billion in assets. the strength was aviation health care but weakens in the power units. electricity hurt the company and power markets such as gas and coal have softened. it is the lowest priced stock in the dow 30, which is a weighted average. on tuesday morning, take a look at the past changes. tuesday morning walgreens booths alliance, some of the most recent, apple, nike, goldman sachs and visa added since 2013. so, neil, on tuesday morning, we will say good-bye to good old ge, in the dow jones industrial average. nostalgia, yes, but for the shareholders who have lost a lot of money, they may be happy to see it go. back to you. neil: 100 years ago, i remember covering it at the time. it was a big deal. nicole, thank you very much. it's a joke. why does everyone think i'm serious? tell us what it was like back then, grandpa. >>> all right, usually you don't see republicans attacking, well, republicans with attack ads. >>